Afya (NASDAQ:AFYA) Shares Gap Down – What’s Next?

Afya Limited (NASDAQ:AFYA) gapped down before the market opened on Tuesday . The stock had previously closed at $16.97, but opened at $16.08. Afya shares last traded at $15.91, with a volume of 15,589 shares.

Analyst Ratings Changes

Several research firms recently weighed in on AFYA. JPMorgan Chase & Co. dropped their price target on Afya from $25.00 to $20.50 and set a “neutral” rating for the company in a report on Friday, January 17th. Citigroup reissued a “sell” rating and set a $15.00 target price (down previously from $18.00) on shares of Afya in a report on Friday, January 31st. The Goldman Sachs Group began coverage on shares of Afya in a research note on Tuesday, December 3rd. They issued a “sell” rating and a $16.00 price target on the stock. Finally, Morgan Stanley cut shares of Afya from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $19.00 to $17.00 in a research note on Tuesday. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, Afya currently has a consensus rating of “Reduce” and a consensus target price of $17.60.

Afya Trading Up 1.6 %

The stock has a market capitalization of $1.51 billion, a P/E ratio of 13.02, a P/E/G ratio of 0.29 and a beta of 0.82. 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 business has a 50-day moving average price of $16.35 and a two-hundred day moving average price of $16.45.

Institutional Investors Weigh In On Afya

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Afya in the 3rd quarter valued at approximately $34,000. Blue Trust Inc. increased its stake in Afya by 296.9% in the fourth quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $35,000 after acquiring an additional 1,550 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Afya by 1,099.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company’s stock valued at $64,000 after purchasing an additional 3,695 shares in the last quarter. Quarry LP bought a new stake in Afya during the third quarter worth $75,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Afya by 2,115.9% in the 4th quarter. JPMorgan Chase & Co. now owns 6,670 shares of the company’s stock valued at $106,000 after purchasing an additional 6,369 shares in the last quarter. 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.