Afya (NASDAQ:AFYA) Stock Rating Lowered by Wall Street Zen

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

Separately, Morgan Stanley downgraded Afya from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $19.00 to $17.00 in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Afya presently has an average rating of "Hold" and an average price target of $17.60.

Afya Stock Up 0.2%

AFYA stock traded up $0.03 during mid-day trading on Friday, reaching $17.55. The company had a trading volume of 116,460 shares, compared to its average volume of 124,650. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.29 and a beta of 0.60. The firm has a fifty day simple moving average of $18.40 and a 200 day simple moving average of $17.13. Afya has a fifty-two week low of $14.52 and a fifty-two week high of $19.90.

Institutional Investors Weigh In On Afya

Several hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of Afya by 167.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 45,093 shares of the company's stock valued at $809,000 after acquiring an additional 28,226 shares during the last quarter. Doma Perpetual Capital Management LLC lifted its position in shares of Afya by 4.4% in the 1st quarter. Doma Perpetual Capital Management LLC now owns 592,220 shares of the company's stock worth $10,619,000 after acquiring an additional 25,111 shares during the period. Wealthedge Investment Advisors LLC bought a new stake in shares of Afya in the 1st quarter worth approximately $230,000. Nuveen LLC bought a new position in shares of Afya during the 1st quarter worth approximately $226,000. Finally, Cerity Partners LLC bought a new position in shares of Afya during the 1st quarter worth approximately $476,000. 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.