Afya (NASDAQ:AFYA) Shares Down 3.6% – Here’s What Happened

Afya Limited (NASDAQ:AFYA)’s stock price dropped 3.6% during trading on Friday . The company traded as low as $15.06 and last traded at $15.06. Approximately 40,988 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 52,670 shares. The stock had previously closed at $15.63.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Afya in a report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 price target on the stock.

Afya Trading Down 4.0 %

The company has a fifty day moving average of $16.34 and a two-hundred day moving average of $16.87. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 0.33 and a beta of 0.89.

Institutional Trading of Afya

Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP increased its stake in shares of Afya by 41.8% during the second quarter. Marshall Wace LLP now owns 336,985 shares of the company’s stock worth $5,948,000 after acquiring an additional 99,416 shares during the period. Millennium Management LLC increased its position in 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 purchasing an additional 90,383 shares during the period. Renaissance Technologies LLC raised its stake in shares of Afya by 19.7% during the 2nd quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock worth $4,704,000 after buying an additional 43,800 shares in the last quarter. State Street Corp lifted its holdings in shares of Afya by 118.2% in the 3rd quarter. State Street Corp now owns 73,098 shares of the company’s stock valued at $1,248,000 after buying an additional 39,592 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Afya in the third quarter valued at approximately $842,000. Institutional investors and hedge funds 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.