Afya (NASDAQ:AFYA) Shares Gap Down – Time to Sell?

Shares of Afya Limited (NASDAQ:AFYA) gapped down before the market opened on Friday . The stock had previously closed at $16.84, but opened at $15.96. Afya shares last traded at $16.33, with a volume of 14,153 shares traded.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Afya in a research report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Afya from $25.00 to $20.50 and set a “neutral” rating for the company in a research report on Friday, January 17th. Finally, Citigroup reissued a “sell” rating and set a $15.00 price target (down previously from $18.00) on shares of Afya in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.00.

Afya Trading Down 4.5 %

The business’s 50 day moving average is $15.83 and its two-hundred day moving average is $16.67. 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 firm has a market capitalization of $1.51 billion, a P/E ratio of 12.96, a PEG ratio of 0.27 and a beta of 0.89.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AFYA. Public Employees Retirement System of Ohio acquired a new position in Afya during the third quarter worth about $34,000. Blue Trust Inc. grew its holdings in Afya by 296.9% during the fourth quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $35,000 after acquiring an additional 1,550 shares during the period. Quarry LP acquired a new position in Afya during the third quarter worth about $75,000. Van ECK Associates Corp increased its stake in Afya by 41.9% in the 4th quarter. Van ECK Associates Corp now owns 9,677 shares of the company’s stock worth $154,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in Afya in the 3rd quarter worth about $213,000. 88.02% of the stock is owned by institutional investors and hedge funds.

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.