GMT Capital Corp purchased a new stake in shares of CI&T Inc. (NYSE:CINT – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 438,942 shares of the company’s stock, valued at approximately $1,786,000. GMT Capital Corp owned 0.33% of CI&T as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in CI&T by 6.4% during the fourth quarter. State Street Corp now owns 62,242 shares of the company’s stock valued at $253,000 after buying an additional 3,719 shares during the period. Franklin Resources Inc. grew its position in CI&T by 45.7% during the fourth quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock valued at $65,000 after buying an additional 4,983 shares during the period. Wedbush Securities Inc. grew its position in CI&T by 50.6% during the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after buying an additional 5,700 shares during the period. Russell Investments Group Ltd. grew its position in CI&T by 176.3% during the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after buying an additional 7,456 shares during the period. Finally, Jane Street Group LLC grew its position in CI&T by 41.3% during the fourth quarter. Jane Street Group LLC now owns 38,497 shares of the company’s stock valued at $157,000 after buying an additional 11,248 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.
CI&T Stock Performance
CINT opened at $4.06 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The company has a market cap of $546.93 million, a price-to-earnings ratio of 13.11 and a beta of 0.80. CI&T Inc. has a 52-week low of $3.16 and a 52-week high of $6.11. The firm’s fifty day simple moving average is $4.11 and its two-hundred day simple moving average is $4.56.
Analysts Set New Price Targets
CINT has been the topic of several analyst reports. UBS Group raised their price target on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings downgraded shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wedbush decreased their price objective on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Canaccord Genuity Group increased their price objective on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.80.
Check Out Our Latest Research Report on CI&T
CI&T Company Profile
CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.
Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.
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