Afya (NASDAQ:AFYA) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen has downgraded Afya (NASDAQ:AFYA) from a "buy" rating to a "hold" rating, reflecting a change in analysts' outlook.
• UBS Group has set a new price target of $19.50 for Afya shares, up from the previous target of $17.50, while the stock is currently trading at $14.47.
• Institutional investors control over 88% of Afya's stock, indicating strong confidence from larger investment firms in the company's outlook.

Afya (NASDAQ:AFYA - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, UBS Group reiterated a "neutral" rating and set a $19.50 target price (up previously from $17.50) on shares of Afya in a research report on Thursday, June 12th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Afya currently has an average rating of "Hold" and an average price target of $17.40.

Afya Trading Up 2.5%

Shares of AFYA stock traded up $0.35 during trading hours on Friday, reaching $14.18. 176,130 shares of the stock traded hands, compared to its average volume of 99,730. The business has a fifty day moving average price of $17.10 and a 200 day moving average price of $17.35. Afya has a 1-year low of $13.47 and a 1-year high of $19.90. The firm has a market capitalization of $1.33 billion, a PE ratio of 10.74, a PEG ratio of 0.49 and a beta of 0.58. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.41.

Institutional Trading of Afya

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its stake in Afya by 40.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,800 shares of the company's stock worth $44,000 after acquiring an additional 800 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Afya by 3.7% in the 4th quarter. Jane Street Group LLC now owns 56,341 shares of the company's stock worth $895,000 after purchasing an additional 2,032 shares in the last quarter. Dodge & Cox raised its position in Afya by 7.1% in the 4th quarter. Dodge & Cox now owns 31,262 shares of the company's stock valued at $496,000 after buying an additional 2,079 shares during the last quarter. Perpetual Ltd raised its position in Afya by 1.8% in the 2nd quarter. Perpetual Ltd now owns 151,180 shares of the company's stock valued at $2,700,000 after buying an additional 2,730 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its position in shares of Afya by 47.6% during the 4th quarter. Aquatic Capital Management LLC now owns 9,300 shares of the company's stock valued at $148,000 after purchasing an additional 3,000 shares during the last quarter. 88.02% of the stock is currently owned by institutional investors and hedge funds.

About Afya

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.