Afya Limited (NASDAQ:AFYA) Shares Sold by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. trimmed its position in shares of Afya Limited (NASDAQ:AFYA) by 11.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,651 shares of the company’s stock after selling 1,581 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Afya were worth $216,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Raymond James & Associates increased its holdings in Afya by 134.4% in the fourth quarter. Raymond James & Associates now owns 27,695 shares of the company’s stock valued at $607,000 after buying an additional 15,878 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Afya by 123.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 25,925 shares of the company’s stock worth $569,000 after purchasing an additional 14,337 shares during the period. HBK Sorce Advisory LLC boosted its position in Afya by 10.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 11,044 shares of the company’s stock worth $242,000 after purchasing an additional 1,000 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Afya during the fourth quarter worth approximately $245,000. Finally, Renaissance Group LLC increased its position in shares of Afya by 6.1% in the fourth quarter. Renaissance Group LLC now owns 149,137 shares of the company’s stock valued at $3,271,000 after buying an additional 8,524 shares in the last quarter. 88.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley decreased their target price on Afya from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st.

Afya Price Performance

Afya stock traded up $0.11 during midday trading on Wednesday, reaching $17.14. The company had a trading volume of 116,165 shares, compared to its average volume of 130,252. Afya Limited has a 12-month low of $13.77 and a 12-month high of $22.48. The firm’s fifty day simple moving average is $17.47 and its 200-day simple moving average is $19.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $1.61 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.46 and a beta of 0.97.

Afya (NASDAQ:AFYA) last released its earnings results on Thursday, May 9th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. Afya had a return on equity of 17.51% and a net margin of 16.20%. The business had revenue of $162.45 million for the quarter, compared to the consensus estimate of $152.98 million. As a group, equities analysts anticipate that Afya Limited will post 1.63 EPS for the current year.

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.