Verition Fund Management LLC Sells 64,403 Shares of Afya Limited (NASDAQ:AFYA)

Verition Fund Management LLC lowered its stake in shares of Afya Limited (NASDAQ:AFYA) by 79.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,105 shares of the company’s stock after selling 64,403 shares during the period. Verition Fund Management LLC’s holdings in Afya were worth $292,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AFYA. Marshall Wace LLP raised its position in Afya by 41.8% during the second quarter. Marshall Wace LLP now owns 336,985 shares of the company’s stock worth $5,948,000 after acquiring an additional 99,416 shares in the last quarter. Millennium Management LLC lifted its stake in Afya by 45.0% in the 2nd quarter. Millennium Management LLC now owns 291,164 shares of the company’s stock valued at $5,139,000 after purchasing an additional 90,383 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Afya by 19.7% in the second quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock valued at $4,704,000 after buying an additional 43,800 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Afya by 136.9% during the second quarter. Cubist Systematic Strategies LLC now owns 35,254 shares of the company’s stock worth $622,000 after purchasing an additional 20,370 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Afya during the 3rd quarter worth about $417,000. Institutional investors and hedge funds own 88.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AFYA shares. UBS Group initiated coverage on Afya in a report on Friday, August 30th. They issued a “neutral” rating and a $19.50 price objective on the stock. The Goldman Sachs Group started coverage on shares of Afya in a research report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 price objective for the company.

Afya Price Performance

Shares of AFYA opened at $15.64 on Friday. The business has a 50-day simple moving average of $16.65 and a two-hundred day simple moving average of $16.97. Afya Limited has a 12-month low of $15.28 and a 12-month high of $22.48. The stock has a market cap of $1.47 billion, a PE ratio of 12.61, a PEG ratio of 0.33 and a beta of 0.89. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.51.

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.