Afya (NASDAQ:AFYA) Stock Price Down 5.8% - Here's Why

Afya Limited (NASDAQ:AFYA - Get Free Report)'s share price fell 5.8% during trading on Friday . The stock traded as low as $17.30 and last traded at $17.28. 38,551 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 124,900 shares. The stock had previously closed at $18.34.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AFYA shares. UBS Group reissued a "neutral" rating and set a $19.50 price objective (up previously from $17.50) on shares of Afya in a report on Thursday, June 12th. Wall Street Zen raised Afya from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Morgan Stanley lowered shares of Afya from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $19.00 to $17.00 in a report on Tuesday, March 11th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $17.60.

Afya Stock Performance

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.69 and a beta of 0.60. The stock has a fifty day moving average price of $18.52 and a 200-day moving average price of $17.21.

Hedge Funds Weigh In On Afya

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in shares of Afya in the fourth quarter valued at approximately $829,000. BNP Paribas Financial Markets acquired a new stake in Afya during the 4th quarter valued at $228,000. Two Sigma Advisers LP grew its holdings in shares of Afya by 27.2% during the fourth quarter. Two Sigma Advisers LP now owns 78,600 shares of the company's stock worth $1,248,000 after purchasing an additional 16,800 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Afya in the fourth quarter valued at $329,000. Finally, Northern Trust Corp increased its stake in shares of Afya by 109.7% in the fourth quarter. Northern Trust Corp now owns 40,054 shares of the company's stock valued at $636,000 after buying an additional 20,957 shares in 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.

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