Afya Limited (NASDAQ:AFYA – Free Report) shares fell 2.2% during midday trading on Friday. The company traded as low as $18.43 and was last seen at $18.50. About 10,543 shares traded hands during midday trading, a 92% decline from the average daily volume of 129,692 shares. The stock had previously closed at $18.92.
Upgrades and downgrades by analysts
Separately, Morgan Stanley cut their price target on Afya from $21.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, June 21.
Read our latest research report on Afya
Afya trading down 3.5%
The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.71 billion, a P/E ratio of 17.07, a PEG ratio of 0.46 and a beta of 0.97. The stock’s 50-day moving average is $17.41 and its 200-day moving average is $18.34.
Institutional investors comment on Afya
Several hedge funds and other institutional investors have recently changed their holdings in AFYA. Dynamic Technology Lab Private Ltd acquired a new stake in Afya during the fourth quarter valued at around $245,000. Lifestyle Asset Management Inc. increased its holdings in Afya by 26.9% in the second quarter. Lifestyle Asset Management Inc. now owns 14,784 shares of the company’s stock valued at $261,000 after acquiring an additional 3,133 shares in the last quarter. Raymond James & Associates increased its holdings in Afya by 134.4% in the fourth quarter. Raymond James & Associates now owns 27,695 shares of the company’s stock valued at $607,000 after acquiring an additional 15,878 shares during the same period. Cubist Systematic Strategies LLC increased its holdings in Afya by 136.9% in the second quarter. Cubist Systematic Strategies LLC now owns 35,254 shares of the company’s stock valued at $622,000 after purchasing an additional 20,370 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in Afya shares by 56.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 28,608 shares of the company’s stock valued at $627,000 after purchasing an additional 10,337 shares during the same period. 88.02% of the shares are currently owned by hedge funds and other institutional investors.
About Afya
(Get free report)
Afya Limited operates as a medical education group in Brazil through its subsidiaries. The company operates in three segments: Undergraduate, Continuing Education and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses and other programs for lifelong medical students enrolled through its distribution network, as well as third-party medical schools.
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