Wellington Management Group LLP Acquires New Shares in Afya Limited (NASDAQ:AFYA)

Wellington Management Group LLP bought a new position in shares of Afya Limited (NASDAQ:AFYA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 52,203 shares of the company’s stock, valued at approximately $829,000.

Several other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Afya in the 3rd quarter worth about $34,000. Blue Trust Inc. increased its holdings in Afya by 296.9% during the 4th quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $35,000 after acquiring an additional 1,550 shares in the last quarter. JPMorgan Chase & Co. raised its position in Afya by 2,115.9% during the fourth quarter. JPMorgan Chase & Co. now owns 6,670 shares of the company’s stock worth $106,000 after acquiring an additional 6,369 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Afya by 41.9% in the fourth quarter. Van ECK Associates Corp now owns 9,677 shares of the company’s stock valued at $154,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Lifestyle Asset Management Inc. lifted its holdings in shares of Afya by 5.5% in the fourth quarter. Lifestyle Asset Management Inc. now owns 17,682 shares of the company’s stock valued at $281,000 after purchasing an additional 929 shares in the last quarter. Institutional investors and hedge funds own 88.02% of the company’s stock.

Afya Stock Up 0.7 %

AFYA stock opened at $17.71 on Monday. The company has a 50 day moving average price of $17.29 and a two-hundred day moving average price of $16.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $1.66 billion, a P/E ratio of 14.28, a PEG ratio of 0.29 and a beta of 0.66. Afya Limited has a one year low of $14.52 and a one year high of $20.06.

Afya Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, April 4th. Investors of record on Wednesday, March 26th were paid a $0.232 dividend. The ex-dividend date was Wednesday, March 26th. Afya’s payout ratio is currently 17.69%.

Analysts Set New Price Targets

Several research analysts recently issued reports on AFYA shares. Morgan Stanley downgraded Afya from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $19.00 to $17.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut their price target on Afya from $25.00 to $20.50 and set a “neutral” rating for the company in a report on Friday, January 17th. Finally, Citigroup reaffirmed a “sell” rating and set a $15.00 price objective (down previously from $18.00) on shares of Afya in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $17.60.

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.