Afya (NASDAQ:AFYA) Sees Large Volume Increase

Afya Limited (NASDAQ:AFYA) saw an uptick in trading volume on Friday . 175,455 shares traded hands during trading, an increase of 39% from the previous session’s volume of 126,543 shares.The stock last traded at $16.23 and had previously closed at $16.61.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley dropped their price target on shares of Afya from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday.

Afya Price Performance

The stock has a market cap of $1.56 billion, a PE ratio of 15.55, a P/E/G ratio of 0.43 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $17.37 and its 200-day moving average is $19.36.

Afya (NASDAQ:AFYA) last released its quarterly 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. The firm had revenue of $162.45 million for the quarter, compared to the consensus estimate of $152.98 million. Afya had a net margin of 16.20% and a return on equity of 17.51%. As a group, sell-side analysts predict that Afya Limited will post 1.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AFYA. Itau Unibanco Holding S.A. grew its holdings in Afya by 1,004.5% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 144,264 shares of the company’s stock worth $2,279,000 after acquiring an additional 131,202 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Afya by 134.4% in the 4th quarter. Raymond James & Associates now owns 27,695 shares of the company’s stock valued at $607,000 after buying an additional 15,878 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Afya by 123.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 25,925 shares of the company’s stock valued at $569,000 after buying an additional 14,337 shares during the period. HBK Sorce Advisory LLC boosted its holdings in shares of Afya by 10.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 11,044 shares of the company’s stock valued at $242,000 after buying an additional 1,000 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Afya in the 4th quarter valued at about $245,000. 88.02% of the stock is owned by institutional investors and hedge funds.

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.