Perpetual Ltd Cuts Stock Position in Afya Limited (NASDAQ:AFYA)

Perpetual Ltd reduced its stake in Afya Limited (NASDAQ:AFYA - Free Report) by 26.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,450 shares of the company's stock after selling 53,816 shares during the period. Perpetual Ltd owned about 0.16% of Afya worth $2,662,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Afya by 40.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,800 shares of the company's stock valued at $44,000 after purchasing an additional 800 shares during the period. Tower Research Capital LLC TRC raised its holdings in Afya by 1,099.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company's stock valued at $64,000 after buying an additional 3,695 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Afya by 2,115.9% during the 4th quarter. JPMorgan Chase & Co. now owns 6,670 shares of the company's stock valued at $106,000 after buying an additional 6,369 shares during the period. Aquatic Capital Management LLC boosted its position in 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 buying an additional 3,000 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Afya in the 4th quarter worth $228,000. 88.02% of the stock is owned by hedge funds and other institutional investors.

Afya Trading Up 1.0%

NASDAQ AFYA traded up $0.18 during trading on Tuesday, hitting $18.04. The company had a trading volume of 98,094 shares, compared to its average volume of 121,965. The company's fifty day moving average is $18.45 and its 200-day moving average is $17.31. Afya Limited has a one year low of $14.52 and a one year high of $19.90. 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 company has a market cap of $1.69 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.61 and a beta of 0.58.

Analyst Ratings Changes

A number of equities analysts have issued reports on AFYA shares. Wall Street Zen upgraded shares of Afya from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Morgan Stanley downgraded Afya from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $19.00 to $17.00 in a report on Tuesday, March 11th. Finally, UBS Group reaffirmed a "neutral" rating and set a $19.50 price target (up previously from $17.50) on shares of Afya in a research report on Thursday, June 12th. Three 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. According to data from MarketBeat, Afya has a consensus rating of "Hold" and a consensus target price of $17.60.

Afya 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.