Afya (NASDAQ:AFYA) Shares Down 2.5%

Afya Limited (NASDAQ:AFYA)’s stock price was down 2.5% on Friday . The stock traded as low as $16.77 and last traded at $16.86. Approximately 35,127 shares were traded during trading, a decline of 73% from the average daily volume of 128,111 shares. The stock had previously closed at $17.30.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group initiated coverage on Afya in a research note on Friday. They set a “neutral” rating and a $19.50 price objective on the stock. Morgan Stanley cut their price target on shares of Afya from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.13.

Afya Trading Down 3.8 %

The business’s 50 day moving average price is $17.64 and its two-hundred day moving average price is $18.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.46 and a beta of 0.97.

Institutional Investors Weigh In On Afya

Several hedge funds have recently bought and sold shares of the business. Dodge & Cox increased its holdings in shares of Afya by 7.0% in the 4th quarter. Dodge & Cox now owns 29,183 shares of the company’s stock valued at $640,000 after purchasing an additional 1,900 shares during the period. Lifestyle Asset Management Inc. increased its stake in Afya by 26.9% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 14,784 shares of the company’s stock valued at $261,000 after buying an additional 3,133 shares during the period. Renaissance Group LLC increased its stake in Afya by 6.1% in the 4th quarter. Renaissance Group LLC now owns 149,137 shares of the company’s stock valued at $3,271,000 after buying an additional 8,524 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in Afya by 56.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 28,608 shares of the company’s stock worth $627,000 after buying an additional 10,337 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Afya during the 4th quarter valued at $245,000. 88.02% of the stock is owned by hedge funds and other institutional investors.

Afya Company Profile

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.