Raymond James Financial Services Advisors Inc. Purchases 14,337 Shares of Afya Limited (NASDAQ:AFYA)

Raymond James Financial Services Advisors Inc. raised its position in Afya Limited (NASDAQ:AFYA) by 123.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,925 shares of the company’s stock after buying an additional 14,337 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Afya were worth $569,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Afya in the 1st quarter valued at about $30,000. Lazard Asset Management LLC bought a new stake in shares of Afya during the 1st quarter valued at approximately $30,000. Quarry LP bought a new stake in shares of Afya during the 1st quarter valued at approximately $29,000. UBS Group AG grew its holdings in shares of Afya by 48.4% during the 4th quarter. UBS Group AG now owns 3,151 shares of the company’s stock valued at $49,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Afya by 138.9% during the 4th quarter. Bank of America Corp DE now owns 3,178 shares of the company’s stock valued at $50,000 after purchasing an additional 1,848 shares during the last quarter. 88.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Afya in a report on Monday, January 29th. They set a “neutral” rating and a $23.00 price target on the stock. Morgan Stanley lowered shares of Afya from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $20.50 to $23.00 in a report on Monday, January 22nd.

Afya Stock Down 1.5 %

NASDAQ:AFYA opened at $16.03 on Friday. The firm’s 50 day simple moving average is $19.51 and its 200 day simple moving average is $19.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. Afya Limited has a one year low of $10.72 and a one year high of $22.48. The company has a market cap of $1.50 billion, a PE ratio of 18.64, a P/E/G ratio of 0.54 and a beta of 0.97.

Afya (NASDAQ:AFYA) last posted its earnings results on Thursday, March 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Afya had a net margin of 13.54% and a return on equity of 15.88%. The business had revenue of $147.35 million for the quarter, compared to the consensus estimate of $141.83 million. On average, research analysts anticipate that Afya Limited will post 1.54 earnings per share for the current year.

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.