Erste Asset Management GmbH Acquires New Holdings in Afya Limited (NASDAQ:AFYA)

Erste Asset Management GmbH bought a new position in Afya Limited (NASDAQ:AFYA) in the 3rd quarter, Holdings Channel.com reports. The fund bought 48,191 shares of the company’s stock, valued at approximately $822,000.

Several other hedge funds also recently modified their holdings of AFYA. Quantbot Technologies LP boosted its holdings in Afya by 73.8% in the third quarter. Quantbot Technologies LP now owns 13,268 shares of the company’s stock worth $226,000 after purchasing an additional 5,636 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in shares of Afya by 26.9% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 14,784 shares of the company’s stock worth $261,000 after acquiring an additional 3,133 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Afya during the 3rd quarter valued at about $417,000. PDT Partners LLC bought a new position in shares of Afya in the 3rd quarter valued at approximately $481,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Afya by 136.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,254 shares of the company’s stock valued at $622,000 after acquiring an additional 20,370 shares in the last quarter. Institutional investors and hedge funds own 88.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group started coverage on shares of Afya in a research report on Friday, August 30th. They issued a “neutral” rating and a $19.50 price target on the stock. The Goldman Sachs Group started coverage on shares of Afya in a research note on Tuesday. They issued a “sell” rating and a $16.00 target price on the stock.

Afya Stock Performance

AFYA opened at $15.96 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $16.80 and its two-hundred day moving average price is $17.11. The firm has a market capitalization of $1.50 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.34 and a beta of 0.89. Afya Limited has a 12-month low of $15.28 and a 12-month high of $22.48.

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.