Afya (NASDAQ:AFYA) Reaches New 12-Month Low – Here’s What Happened

Afya Limited (NASDAQ:AFYA) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $15.53 and last traded at $15.53, with a volume of 12921 shares trading hands. The stock had previously closed at $17.30.

Analysts Set New Price Targets

Separately, UBS Group began coverage on Afya in a report on Friday, August 30th. They set a “neutral” rating and a $19.50 price objective for the company.

Afya Stock Performance

The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 0.36 and a beta of 0.91. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average is $16.75 and its 200-day moving average is $17.27.

Afya (NASDAQ:AFYA) last issued its earnings results on Thursday, August 15th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Afya had a net margin of 18.42% and a return on equity of 19.08%. The business had revenue of $155.40 million for the quarter, compared to the consensus estimate of $151.83 million. On average, analysts expect that Afya Limited will post 1.52 EPS for the current year.

Institutional Inflows and Outflows

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

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.