Afya (NASDAQ:AFYA) Trading Up 9.2%

Shares of Afya Limited (NASDAQ:AFYA – Get Rating) were up 9.2% on Thursday . The company traded as high as $10.55 and last traded at $10.55. Approximately 3,396 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 170,025 shares. The stock had previously closed at $9.66.

Analysts Set New Price Targets

Separately, Credit Suisse Group raised Afya from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $18.00 to $19.00 in a report on Friday, April 8th.

Afya Stock Up 7.1 %

The firm has a market capitalization of $952.92 million, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 0.29 and a beta of 1.15. The business has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $12.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.47.

Afya (NASDAQ:AFYA – Get Rating) last posted its earnings results on Monday, May 23rd. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $108.36 million for the quarter, compared to analyst estimates of $111.84 million. Afya had a return on equity of 8.07% and a net margin of 13.03%. During the same period last year, the company earned $0.21 earnings per share. On average, equities analysts expect that Afya Limited will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On Afya

A number of hedge funds have recently bought and sold shares of the business. Softbank Group Corp boosted its position in Afya by 1,391.8% during the fourth quarter. Softbank Group Corp now owns 2,433,323 shares of the company’s stock worth $38,228,000 after purchasing an additional 2,270,208 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in Afya by 33.3% during the first quarter. TimesSquare Capital Management LLC now owns 1,200,100 shares of the company’s stock worth $17,293,000 after purchasing an additional 299,700 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Afya during the first quarter worth approximately $14,949,000. Pendal Group Ltd boosted its position in Afya by 0.7% during the second quarter. Pendal Group Ltd now owns 916,788 shares of the company’s stock worth $9,122,000 after purchasing an additional 6,360 shares in the last quarter. Finally, Itau Unibanco Holding S.A. boosted its position in Afya by 351.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 911,298 shares of the company’s stock worth $13,824,000 after purchasing an additional 709,230 shares in the last quarter. Hedge funds and other institutional investors own 57.03% of the company’s stock.

About Afya

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Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. 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.