Wasatch Advisors LP reduced its holdings in Inter & Co. Inc. (NASDAQ:INTR – Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,168,620 shares of the company’s stock after selling 216,519 shares during the quarter. Wasatch Advisors LP’s holdings in Inter & Co. Inc. were worth $120,742,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in INTR. Marshall Wace LLP lifted its holdings in shares of Inter & Co. Inc. by 62.7% in the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after purchasing an additional 2,981,210 shares during the last quarter. William Blair Investment Management LLC grew its stake in Inter & Co. Inc. by 60.6% during the 4th 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. SPX Gestao de Recursos Ltda bought a new position in Inter & Co. Inc. during the 3rd quarter worth $18,930,000. Sei Investments Co. increased its position in Inter & Co. Inc. by 10,681.6% in the second quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock worth $12,505,000 after buying an additional 1,667,402 shares during the period. Finally, Sharp Capital Gestora de Recursos Ltda. increased its position in Inter & Co. Inc. by 76.7% in the fourth quarter. Sharp Capital Gestora de Recursos Ltda. now owns 3,482,121 shares of the company’s stock worth $29,528,000 after buying an additional 1,511,295 shares during the period. 22.90% of the stock is currently owned by institutional investors and hedge funds.
Inter & Co. Inc. Stock Performance
Shares of NASDAQ INTR opened at $5.41 on Friday. Inter & Co. Inc. has a 1 year low of $5.16 and a 1 year high of $10.36. The firm has a market cap of $2.39 billion, a P/E ratio of 9.02, a PEG ratio of 0.21 and a beta of 0.91. The stock has a fifty day moving average price of $6.43 and a two-hundred day moving average price of $7.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. UBS Group lowered their price target on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Wednesday. Citigroup downgraded shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $6.50 in a research report on Monday, May 18th. Finally, The Goldman Sachs Group reduced their target price on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.28.
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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