Raymond James Financial Services Advisors Inc. Acquires 14,337 Shares of Afya Limited (NASDAQ:AFYA)

Raymond James Financial Services Advisors Inc. increased its holdings in Afya Limited (NASDAQ:AFYA) by 123.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 25,925 shares of the company’s stock after buying an additional 14,337 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Afya were worth $569,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Afya during the 1st quarter valued at about $30,000. Lazard Asset Management LLC bought a new stake in shares of Afya during the 1st quarter valued at about $30,000. Quarry LP bought a new stake in shares of Afya during the 1st quarter valued at about $29,000. UBS Group AG grew its stake in shares of Afya by 48.4% during the 4th quarter. UBS Group AG now owns 3,151 shares of the company’s stock valued at $49,000 after purchasing an additional 1,027 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Afya by 138.9% during the 4th quarter. Bank of America Corp DE now owns 3,178 shares of the company’s stock valued at $50,000 after purchasing an additional 1,848 shares during the period. 88.02% of the stock is currently owned by institutional investors.

Afya Stock Down 1.5 %

AFYA stock opened at $16.03 on Friday. Afya Limited has a twelve month low of $10.72 and a twelve month high of $22.48. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.50 billion, a P/E ratio of 18.64, a PEG ratio of 0.54 and a beta of 0.97. The business’s 50-day moving average price is $19.51 and its 200-day moving average price is $19.30.

Afya (NASDAQ:AFYA) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Afya had a return on equity of 15.88% and a net margin of 13.54%. The firm had revenue of $147.35 million for the quarter, compared to analysts’ expectations of $141.83 million. On average, equities research analysts forecast that Afya Limited will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup assumed coverage on Afya in a research note on Monday, January 29th. They set a “neutral” rating and a $23.00 price target for the company. Morgan Stanley cut Afya from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $20.50 to $23.00 in a research report on Monday, January 22nd.

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.