Afya (NASDAQ:AFYA) Shares Down 5.8% - What's Next?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group reaffirmed a "neutral" rating and set a $19.50 price objective (up from $17.50) on shares of Afya in a research report on Thursday, June 12th. Morgan Stanley downgraded shares of Afya from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $19.00 to $17.00 in a report on Tuesday, March 11th. Finally, Wall Street Zen raised shares of Afya from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $17.60.

Afya Stock Up 1.5%

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 stock has a market cap of $1.64 billion, a P/E ratio of 13.24, a PEG ratio of 0.59 and a beta of 0.60. The firm has a 50-day simple moving average of $18.51 and a two-hundred day simple moving average of $17.23.

Institutional Trading of Afya

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Doma Perpetual Capital Management LLC increased its holdings in shares of Afya by 92.3% during the fourth quarter. Doma Perpetual Capital Management LLC now owns 567,109 shares of the company's stock worth $9,006,000 after purchasing an additional 272,200 shares during the period. Wellington Management Group LLP acquired a new stake in Afya during the fourth quarter worth approximately $829,000. Renaissance Technologies LLC grew its position in Afya by 14.0% during the fourth quarter. Renaissance Technologies LLC now owns 412,000 shares of the company's stock worth $6,543,000 after buying an additional 50,700 shares in the last quarter. Lazard Asset Management LLC increased its stake in Afya by 54.3% during the 4th quarter. Lazard Asset Management LLC now owns 97,313 shares of the company's stock worth $1,545,000 after acquiring an additional 34,246 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Afya by 167.3% in 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 in the last quarter. Institutional investors and hedge funds own 88.02% of the company's stock.

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.