Fmr LLC Lowers Position in Afya Limited (NASDAQ:AFYA)

Fmr LLC trimmed its stake in shares of Afya Limited (NASDAQ:AFYA) by 24.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,612,538 shares of the company’s stock after selling 825,251 shares during the period. Fmr LLC’s holdings in Afya were worth $44,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lifestyle Asset Management Inc. grew its position in shares of Afya by 26.9% during the second quarter. Lifestyle Asset Management Inc. now owns 14,784 shares of the company’s stock valued at $261,000 after purchasing an additional 3,133 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Afya during the third quarter valued at approximately $417,000. Cubist Systematic Strategies LLC grew its holdings in Afya by 136.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,254 shares of the company’s stock valued at $622,000 after buying an additional 20,370 shares in the last quarter. Renaissance Technologies LLC increased its stake in Afya by 19.7% in the 2nd quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock worth $4,704,000 after acquiring an additional 43,800 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Afya by 45.0% during the 2nd quarter. Millennium Management LLC now owns 291,164 shares of the company’s stock worth $5,139,000 after acquiring an additional 90,383 shares in the last quarter. 88.02% of the stock is currently owned by institutional investors.

Afya Price Performance

Afya stock opened at $16.11 on Friday. Afya Limited has a 12-month low of $15.28 and a 12-month high of $22.48. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $16.76 and a 200-day moving average price of $17.05. The firm has a market capitalization of $1.51 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.33 and a beta of 0.89.

Analyst Ratings Changes

AFYA has been the topic of a number of recent research reports. UBS Group started coverage on shares of Afya in a research note on Friday, August 30th. They set a “neutral” rating and a $19.50 price target on the stock. The Goldman Sachs Group began coverage on Afya in a research note on Tuesday, December 3rd. They issued a “sell” rating and a $16.00 price objective for the company.

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.