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

Afya Limited (NASDAQ:AFYA)’s share price 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 Upgrades and Downgrades

AFYA has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Afya in a research report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 price objective for the company. JPMorgan Chase & Co. cut their price objective 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 restated a “sell” rating and set a $15.00 price objective (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 assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.00.

Afya Stock Performance

The company has a market capitalization of $1.51 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s fifty day simple moving average is $15.83 and its 200-day simple moving average is $16.67.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Afya in the third quarter valued at approximately $842,000. State Street Corp grew its position in Afya by 118.2% in the third quarter. State Street Corp now owns 73,098 shares of the company’s stock valued at $1,248,000 after acquiring an additional 39,592 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Afya in the third quarter valued at approximately $822,000. Millennium Management LLC grew its position in Afya by 45.0% in the second quarter. Millennium Management LLC now owns 291,164 shares of the company’s stock valued at $5,139,000 after acquiring an additional 90,383 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Afya by 136.9% in the second quarter. Cubist Systematic Strategies LLC now owns 35,254 shares of the company’s stock valued at $622,000 after acquiring an additional 20,370 shares in the last quarter. Hedge funds and other institutional investors own 88.02% of the company’s stock.

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.