TimesSquare Capital Management LLC Increases Stock Position in Afya Limited (NASDAQ:AFYA)

TimesSquare Capital Management LLC boosted its stake in Afya Limited (NASDAQ:AFYA) by 31.8% in the first quarter, Holdings Channel.com reports. The fund owned 892,000 shares of the company’s stock after buying an additional 215,200 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Afya were worth $16,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in AFYA. US Bancorp DE lifted its position in Afya by 61.5% in the first quarter. US Bancorp DE now owns 2,022 shares of the company’s stock valued at $38,000 after acquiring an additional 770 shares during the last quarter. AJO LP purchased a new stake in Afya in the fourth quarter valued at $57,000. Altfest L J & Co. Inc. purchased a new stake in Afya in the first quarter valued at $190,000. ExodusPoint Capital Management LP lifted its position in Afya by 76.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 14,086 shares of the company’s stock valued at $356,000 after acquiring an additional 6,094 shares during the last quarter. Finally, Coronation Fund Managers Ltd. lifted its position in Afya by 27.5% in the fourth quarter. Coronation Fund Managers Ltd. now owns 15,829 shares of the company’s stock valued at $400,000 after acquiring an additional 3,411 shares during the last quarter. 29.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Afya stock opened at $25.40 on Friday. Afya Limited has a 52-week low of $18.48 and a 52-week high of $29.01. The company has a current ratio of 2.12, a quick ratio of 2.10 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $22.70. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 42.33 and a beta of 1.33.

Afya (NASDAQ:AFYA) last issued its quarterly earnings results on Wednesday, May 26th. The company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.40). Afya had a return on equity of 11.73% and a net margin of 22.99%. The firm had revenue of $72.15 million for the quarter, compared to analyst estimates of $72.96 million. Equities analysts forecast that Afya Limited will post 0.98 EPS for the current fiscal year.

A number of research analysts have commented on AFYA shares. Zacks Investment Research lowered shares of Afya from a “hold” rating to a “sell” rating in a research note on Thursday, April 29th. TheStreet lowered shares of Afya from a “c-” rating to a “d” rating in a research note on Tuesday, March 23rd. Finally, UBS Group upgraded shares of Afya from a “neutral” rating to a “buy” rating in a research note on Thursday, April 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $29.84.

About Afya

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

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Institutional Ownership by Quarter for Afya (NASDAQ:AFYA)

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