Afya Limited’s (NASDAQ:AFYA) Lock-Up Period Will End on January 15th

Afya’s (NASDAQ:AFYA) lock-up period will expire on Wednesday, January 15th. Afya had issued 13,744,210 shares in its IPO on July 19th. The total size of the offering was $261,139,990 based on an initial share price of $19.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

AFYA has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Afya in a research note on Thursday, September 19th. They set a “buy” rating and a $29.00 price target for the company. ValuEngine lowered shares of Afya from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Finally, Zacks Investment Research lowered shares of Afya from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.37.

Shares of AFYA stock opened at $27.30 on Wednesday. The company’s fifty day simple moving average is $27.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.92. Afya has a 12 month low of $21.30 and a 12 month high of $34.87.

Afya (NASDAQ:AFYA) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The business had revenue of $52.15 million for the quarter, compared to the consensus estimate of $48.27 million. Analysts forecast that Afya will post 0.5 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new stake in shares of Afya in the 3rd quarter worth $13,760,000. Third Point LLC bought a new stake in shares of Afya in the 3rd quarter worth $10,256,000. Millennium Management LLC bought a new stake in shares of Afya in the 3rd quarter worth $10,189,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Afya in the 3rd quarter worth $8,782,000. Finally, JGP Global Gestao de Recursos Ltda. bought a new stake in shares of Afya in the 3rd quarter worth $7,961,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Afya Company Profile

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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