Quarry LP Acquires New Stake in Afya Limited (NASDAQ:AFYA)

Quarry LP acquired a new stake in Afya Limited (NASDAQ:AFYA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 4,402 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AFYA. Lifestyle Asset Management Inc. grew its position in Afya by 26.9% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 14,784 shares of the company’s stock valued at $261,000 after buying an additional 3,133 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Afya by 19.7% during the 2nd quarter. Renaissance Technologies LLC now owns 266,500 shares of the company’s stock worth $4,704,000 after purchasing an additional 43,800 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Afya by 41.8% during the 2nd quarter. Marshall Wace LLP now owns 336,985 shares of the company’s stock worth $5,948,000 after purchasing an additional 99,416 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Afya by 136.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,254 shares of the company’s stock worth $622,000 after purchasing an additional 20,370 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Afya by 45.0% during the 2nd quarter. Millennium Management LLC now owns 291,164 shares of the company’s stock worth $5,139,000 after purchasing an additional 90,383 shares in the last quarter. 88.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AFYA. UBS Group began coverage on shares of Afya in a research report on Friday, August 30th. They set a “neutral” rating and a $19.50 target price on the stock. The Goldman Sachs Group began coverage on shares of Afya in a research report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 target price on the stock.

Afya Trading Down 1.8 %

NASDAQ:AFYA opened at $16.11 on Monday. The company has a market capitalization of $1.51 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.33 and a beta of 0.89. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.51. Afya Limited has a 52-week low of $15.28 and a 52-week high of $22.48. The stock has a fifty day simple moving average of $16.76 and a 200-day simple moving average of $17.04.

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.