Fmr LLC Sells 825,251 Shares of Afya Limited (NASDAQ:AFYA)

FMR LLC trimmed its stake in shares of Afya Limited (NASDAQ:AFYA - Free Report) by 24.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,612,538 shares of the company's stock after selling 825,251 shares during the period. FMR LLC owned approximately 2.79% of Afya worth $44,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Afya by 19.7% during the second quarter. Renaissance Technologies LLC now owns 266,500 shares of the company's stock worth $4,704,000 after buying an additional 43,800 shares during the last quarter. Millennium Management LLC boosted its holdings in Afya by 45.0% during the second 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 during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Afya by 136.9% during the second 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 during the last quarter. Marshall Wace LLP boosted its holdings in Afya by 41.8% during the second 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 during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Afya during the third quarter worth $417,000. 88.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group assumed coverage on shares of Afya in a research note on Friday, August 30th. They issued a "neutral" rating and a $19.50 price target for the company. The Goldman Sachs Group assumed coverage on shares of Afya in a research note on Tuesday, December 3rd. They issued a "sell" rating and a $16.00 price target for the company.

Afya Stock Performance

Shares of AFYA traded down $0.29 during trading hours on Friday, hitting $16.11. The company had a trading volume of 134,298 shares, compared to its average volume of 121,400. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.33 and a beta of 0.89. The business has a fifty day moving average of $16.76 and a 200-day moving average of $17.05. Afya Limited has a 12 month low of $15.28 and a 12 month high of $22.48. 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 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.