Afya (NASDAQ:AFYA) Coverage Initiated at The Goldman Sachs Group

Analysts at The Goldman Sachs Group began coverage on shares of Afya (NASDAQ:AFYA) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “sell” rating and a $16.00 price target on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 1.11% from the stock’s current price.

Separately, UBS Group assumed coverage on shares of Afya in a research report on Friday, August 30th. They set a “neutral” rating and a $19.50 price objective on the stock.

Afya Stock Performance

Afya stock opened at $16.18 on Tuesday. The firm’s fifty day moving average price is $16.79 and its 200-day moving average price is $17.10. 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 cap of $1.52 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 0.34 and a beta of 0.89. Afya has a fifty-two week low of $15.28 and a fifty-two week high of $22.48.

Hedge Funds Weigh In On Afya

A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Afya in the third quarter valued at about $34,000. Quarry LP purchased a new position in shares of Afya in the third quarter valued at about $75,000. Centiva Capital LP purchased a new position in shares of Afya in the third quarter valued at about $213,000. Quantbot Technologies LP increased its position in shares of Afya by 73.8% in the third quarter. Quantbot Technologies LP now owns 13,268 shares of the company’s stock valued at $226,000 after acquiring an additional 5,636 shares during the period. Finally, Lifestyle Asset Management Inc. increased its position in shares of Afya by 26.9% in the second quarter. Lifestyle Asset Management Inc. now owns 14,784 shares of the company’s stock valued at $261,000 after acquiring an additional 3,133 shares during the period. Hedge funds and other institutional investors own 88.02% of the company’s stock.

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.