Afya (NASDAQ:AFYA) Trading Up 4% - What's Next?

Key Points

• Afya Limited's stock price increased by 4%, trading at $15.52, despite a 67% decline in trading volume compared to its average daily volume.
• Analysts have mixed ratings for Afya, with a consensus rating of "Hold" and an average price target of $17.50, while Morgan Stanley and UBS Group issued positive price targets of $17.50 and $19.50, respectively.
• Hedge funds collectively hold 88.02% of Afya's stock, with significant equity increases by firms such as Doma Perpetual Capital Management and Renaissance Technologies in the latest quarters.

Afya Limited (NASDAQ:AFYA - Get Free Report) was up 4% on Thursday . The stock traded as high as $15.53 and last traded at $15.52. Approximately 36,893 shares traded hands during trading, a decline of 67% from the average daily volume of 112,097 shares. The stock had previously closed at $14.92.

Analyst Ratings Changes

Several equities research analysts have weighed in on AFYA shares. Morgan Stanley set a $17.50 price target on Afya and gave the stock an "overweight" rating in a report on Wednesday, August 6th. UBS Group restated a "neutral" rating and set a $19.50 price target (up previously from $17.50) on shares of Afya in a report on Thursday, June 12th. Wall Street Zen downgraded Afya from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Citigroup upgraded Afya from a "sell" rating to a "neutral" rating and cut their price target for the stock from $16.00 to $14.00 in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.50.

Afya Stock Up 2.2%

The business has a 50 day moving average of $16.21 and a 200-day moving average of $17.24. The stock has a market cap of $1.43 billion, a PE ratio of 11.55, a P/E/G ratio of 0.52 and a beta of 0.53. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AFYA. Doma Perpetual Capital Management LLC grew its stake in Afya by 92.3% during the 4th quarter. Doma Perpetual Capital Management LLC now owns 567,109 shares of the company's stock worth $9,006,000 after buying an additional 272,200 shares during the last quarter. Carrera Capital Advisors purchased a new position in Afya during the 2nd quarter worth approximately $1,750,000. Wellington Management Group LLP purchased a new position in Afya during the 4th quarter worth approximately $829,000. Renaissance Technologies LLC grew its stake in Afya by 14.0% during the 4th 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 during the last quarter. Finally, Jump Financial LLC purchased a new position in Afya during the 2nd quarter worth approximately $731,000. Hedge funds and other institutional investors own 88.02% of the company's stock.

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.

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