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

Shares of Afya Limited (NASDAQ:AFYA) gapped down prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AFYA. JPMorgan Chase & Co. reduced their price objective on shares of Afya from $25.00 to $20.50 and set a “neutral” rating for the company in a research note on Friday, January 17th. Morgan Stanley cut Afya from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $19.00 to $17.00 in a research report on Tuesday. Citigroup reaffirmed 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, January 31st. Finally, The Goldman Sachs Group started coverage on Afya in a report on Tuesday, December 3rd. They issued a “sell” rating and a $16.00 price objective for the company. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $17.60.

Afya Price Performance

The business has a fifty day moving average of $16.35 and a 200 day moving average of $16.45. The firm has a market cap of $1.51 billion, a P/E ratio of 13.02, a PEG ratio of 0.29 and a beta of 0.82. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Doma Perpetual Capital Management LLC lifted its holdings in Afya by 92.3% during the 4th quarter. Doma Perpetual Capital Management LLC now owns 567,109 shares of the company’s stock valued at $9,006,000 after purchasing an additional 272,200 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Afya in the fourth quarter valued at about $829,000. Renaissance Technologies LLC lifted its stake in shares of Afya by 14.0% during the 4th quarter. Renaissance Technologies LLC now owns 412,000 shares of the company’s stock worth $6,543,000 after buying an additional 50,700 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Afya during the 3rd quarter worth about $842,000. Finally, Erste Asset Management GmbH acquired a new position in Afya in the 3rd quarter valued at about $822,000. 88.02% of the stock is currently owned by 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.