Afya Limited (NASDAQ:AFYA) Short Interest Down 5.1% in April

Afya Limited (NASDAQ:AFYAGet Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 806,200 shares, a drop of 5.1% from the April 15th total of 849,300 shares. Based on an average daily trading volume, of 117,500 shares, the days-to-cover ratio is currently 6.9 days. Approximately 4.5% of the company’s shares are sold short.

Afya Price Performance

Shares of AFYA opened at $19.03 on Thursday. The firm has a market cap of $1.78 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 0.60 and a beta of 0.98. Afya has a 52-week low of $11.27 and a 52-week high of $22.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50 day moving average price is $18.51 and its two-hundred day moving average price is $19.61.

Afya (NASDAQ:AFYAGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. Afya had a net margin of 16.20% and a return on equity of 17.51%. The business had revenue of $162.45 million for the quarter, compared to analyst estimates of $152.98 million. On average, equities analysts anticipate that Afya will post 1.5 EPS for the current year.

Institutional Trading of Afya

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC increased its holdings in shares of Afya by 10.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 11,044 shares of the company’s stock valued at $242,000 after acquiring an additional 1,000 shares in the last quarter. Mirabella Financial Services LLP bought a new stake in Afya during the 3rd quarter valued at $1,686,000. Raymond James & Associates raised its holdings in Afya by 134.4% during the fourth quarter. Raymond James & Associates now owns 27,695 shares of the company’s stock worth $607,000 after buying an additional 15,878 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Afya by 123.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 25,925 shares of the company’s stock valued at $569,000 after buying an additional 14,337 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Afya by 32.6% in the third quarter. Daiwa Securities Group Inc. now owns 4,145 shares of the company’s stock valued at $65,000 after buying an additional 1,020 shares in the last quarter. 88.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AFYA has been the topic of a number of research reports. Morgan Stanley lowered shares of Afya from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $20.50 to $23.00 in a report on Monday, January 22nd. Citigroup initiated coverage on Afya in a report on Monday, January 29th. They issued a “neutral” rating and a $23.00 price objective for the company.

View Our Latest Stock Analysis on Afya

Afya Company Profile

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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.

Further Reading

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