Afya (NASDAQ:AFYA) Stock Rating Lowered by Wall Street Zen

Afya (NASDAQ:AFYA) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, Morgan Stanley lowered Afya from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $19.00 to $17.00 in a report on Tuesday, March 11th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.60.

Afya Stock Performance

AFYA opened at $17.52 on Friday. Afya has a 52-week low of $14.52 and a 52-week high of $19.90. The firm has a market capitalization of $1.64 billion, a PE ratio of 14.13, a PEG ratio of 0.29 and a beta of 0.60. 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 business’s 50-day simple moving average is $18.40 and its 200 day simple moving average is $17.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in shares of Afya by 167.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 45,093 shares of the company’s stock worth $809,000 after acquiring an additional 28,226 shares during the period. Doma Perpetual Capital Management LLC boosted its stake in shares of Afya by 4.4% during the 1st quarter. Doma Perpetual Capital Management LLC now owns 592,220 shares of the company’s stock worth $10,619,000 after acquiring an additional 25,111 shares during the period. Wealthedge Investment Advisors LLC bought a new position in shares of Afya during the 1st quarter worth approximately $230,000. Nuveen LLC bought a new position in shares of Afya during the first quarter worth approximately $226,000. Finally, Cerity Partners LLC bought a new position in shares of Afya during the first quarter worth approximately $476,000. 88.02% of the stock is currently owned by institutional investors.

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.