Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Inter & Co. Inc. (NASDAQ:INTR – Free Report) by 36.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,262,890 shares of the company’s stock after buying an additional 608,941 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Inter & Co. Inc. were worth $19,189,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. WCM Investment Management LLC grew its position in Inter & Co. Inc. by 21.3% in the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock worth $98,135,000 after buying an additional 1,862,169 shares during the last quarter. Samlyn Capital LLC grew its position in Inter & Co. Inc. by 19.9% in the third quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock worth $78,600,000 after buying an additional 1,415,601 shares during the last quarter. Wasatch Advisors LP acquired a new position in Inter & Co. Inc. in the third quarter worth approximately $52,433,000. William Blair Investment Management LLC grew its position in Inter & Co. Inc. by 60.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after buying an additional 2,110,861 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Inter & Co. Inc. by 0.9% in the third quarter. Marshall Wace LLP now owns 4,753,265 shares of the company’s stock worth $43,873,000 after buying an additional 44,385 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.
Inter & Co. Inc. Stock Performance
NASDAQ INTR opened at $6.17 on Monday. Inter & Co. Inc. has a twelve month low of $5.64 and a twelve month high of $10.36. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.25 and a beta of 0.91. The firm’s 50 day moving average price is $7.42 and its two-hundred day moving average price is $8.26.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th. UBS Group lowered their price objective on shares of Inter & Co. Inc. from $11.90 to $10.40 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. The Goldman Sachs Group lowered their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.48.
Check Out Our Latest Report on Inter & Co. Inc.
Inter & Co. Inc. Profile
Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.
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