Goldman Sachs Group Inc. Buys 28,226 Shares of Afya Limited $AFYA

Key Points

• Goldman Sachs increased its stake in Afya Limited by 167.3% by acquiring an additional 28,226 shares, bringing its total holdings to 45,093 shares worth approximately $809,000.
• Several other institutional investors also increased their positions in Afya during the first quarter, with institutional ownership totaling 88.02% of the company's stock.
• Analyst ratings have been positive, with firms like JPMorgan and Wall Street Zen upgrading their ratings for Afya to "overweight" and "strong-buy," respectively.

Goldman Sachs Group Inc. boosted its holdings in shares of Afya Limited (NASDAQ:AFYA - Free Report) by 167.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,093 shares of the company's stock after purchasing an additional 28,226 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Afya were worth $809,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Doma Perpetual Capital Management LLC raised its holdings in Afya by 4.4% in the 1st quarter. Doma Perpetual Capital Management LLC now owns 592,220 shares of the company's stock valued at $10,619,000 after acquiring an additional 25,111 shares in the last quarter. Wealthedge Investment Advisors LLC acquired a new position in Afya in the 1st quarter valued at approximately $230,000. Nuveen LLC acquired a new position in Afya in the 1st quarter valued at approximately $226,000. Cerity Partners LLC acquired a new position in Afya in the 1st quarter valued at approximately $476,000. Finally, Yorktown Management & Research Co Inc acquired a new position in Afya in the 1st quarter valued at approximately $321,000. Institutional investors own 88.02% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AFYA. Zacks Research raised Afya to a "hold" rating in a report on Friday, August 8th. Citigroup raised Afya from a "sell" rating to a "neutral" rating and dropped their price target for the company from $16.00 to $14.00 in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised Afya from a "neutral" rating to an "overweight" rating and raised their price target for the company from $23.50 to $24.50 in a report on Monday, September 8th. Wall Street Zen raised Afya from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Finally, UBS Group raised Afya from a "neutral" rating to a "buy" rating and dropped their price target for the company from $19.50 to $19.00 in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.20.

Afya Stock Up 0.7%

Shares of AFYA opened at $16.17 on Wednesday. The company has a market capitalization of $1.52 billion, a PE ratio of 12.25, a PEG ratio of 0.48 and a beta of 0.56. Afya Limited has a 12 month low of $13.47 and a 12 month high of $19.90. The stock's 50-day moving average price is $15.04 and its two-hundred day moving average price is $16.94. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22.

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.

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