Afya Limited (NASDAQ:AFYA) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in Afya Limited (NASDAQ:AFYA - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 327,795 shares of the company's stock after selling 282,777 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.35% of Afya worth $7,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AFYA. Itau Unibanco Holding S.A. raised its holdings in shares of Afya by 1,004.5% in the third quarter. Itau Unibanco Holding S.A. now owns 144,264 shares of the company's stock worth $2,279,000 after buying an additional 131,202 shares during the last quarter. Renaissance Group LLC raised its holdings in shares of Afya by 2.9% in the third quarter. Renaissance Group LLC now owns 140,613 shares of the company's stock worth $2,222,000 after buying an additional 3,939 shares during the last quarter. Mirabella Financial Services LLP purchased a new position in shares of Afya in the third quarter worth $1,686,000. Raymond James & Associates raised its holdings in shares of Afya by 134.4% in the fourth quarter. Raymond James & Associates now owns 27,695 shares of the company's stock worth $607,000 after buying an additional 15,878 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Afya by 123.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 25,925 shares of the company's stock worth $569,000 after buying an additional 14,337 shares during the last quarter. 88.02% of the stock is currently owned by institutional investors and hedge funds.

Afya Stock Performance

Shares of Afya stock traded up $0.42 during trading on Monday, hitting $19.81. 159,589 shares of the company's stock were exchanged, compared to its average volume of 126,635. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 1.28. The business has a 50-day simple moving average of $18.47 and a 200-day simple moving average of $19.68. Afya Limited has a 52-week low of $11.42 and a 52-week high of $22.48. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.63 and a beta of 0.98.

Afya (NASDAQ:AFYA - Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. Afya had a net margin of 16.20% and a return on equity of 17.51%. The firm had revenue of $162.45 million during the quarter, compared to analysts' expectations of $152.98 million. On average, research analysts forecast that Afya Limited will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AFYA shares. Morgan Stanley cut shares of Afya from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $20.50 to $23.00 in a report on Monday, January 22nd. Citigroup began coverage on shares of Afya in a report on Monday, January 29th. They set a "neutral" rating and a $23.00 target price for the company.

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.