Perpetual Ltd Reduces Stock Holdings in Afya Limited (NASDAQ:AFYA)

Perpetual Ltd lessened its holdings in shares of Afya Limited (NASDAQ:AFYA) by 54.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,266 shares of the company’s stock after selling 246,674 shares during the period. Perpetual Ltd’s holdings in Afya were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AFYA. Lifestyle Asset Management Inc. boosted its position in Afya by 13.3% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 16,753 shares of the company’s stock worth $286,000 after purchasing an additional 1,969 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Afya in the 3rd quarter valued at $34,000. Quarry LP purchased a new stake in Afya during the third quarter worth $75,000. Quantbot Technologies LP grew its position in Afya by 73.8% during the third quarter. Quantbot Technologies LP now owns 13,268 shares of the company’s stock valued at $226,000 after buying an additional 5,636 shares during the period. Finally, Centiva Capital LP purchased a new position in Afya in the third quarter valued at $213,000. 88.02% of the stock is currently owned by institutional investors and hedge funds.

Afya Trading Down 0.5 %

AFYA stock opened at $15.66 on Wednesday. Afya Limited has a 12-month low of $14.52 and a 12-month high of $22.24. The business’s 50-day moving average is $15.88 and its 200 day moving average is $16.73. 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 stock has a market cap of $1.48 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.26 and a beta of 0.89.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AFYA shares. 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 target for the company. JPMorgan Chase & Co. cut their price objective on Afya from $25.00 to $20.50 and set a “neutral” rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Afya presently has an average rating of “Hold” and a consensus price target of $19.60.

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.