Inspire Investing LLC Makes New $843,000 Investment in Inter & Co. Inc. $INTR

Inspire Investing LLC acquired a new position in Inter & Co. Inc. (NASDAQ:INTR) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 113,442 shares of the company’s stock, valued at approximately $843,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC lifted its stake in shares of Inter & Co. Inc. by 1,375.1% in the first quarter. Summit Securities Group LLC now owns 9,072 shares of the company’s stock worth $50,000 after acquiring an additional 8,457 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Inter & Co. Inc. in the 2nd quarter valued at approximately $136,000. Banco BTG Pactual S.A. acquired a new position in shares of Inter & Co. Inc. in the 1st quarter valued at approximately $110,000. HighTower Advisors LLC raised its position in shares of Inter & Co. Inc. by 72.8% in the 1st quarter. HighTower Advisors LLC now owns 25,419 shares of the company’s stock valued at $139,000 after purchasing an additional 10,710 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Inter & Co. Inc. by 93.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company’s stock valued at $170,000 after purchasing an additional 14,971 shares in the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on INTR shares. Weiss Ratings cut shares of Inter & Co. Inc. from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. UBS Group restated a “buy” rating and issued a $9.20 target price (up previously from $8.10) on shares of Inter & Co. Inc. in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.77.

Inter & Co. Inc. Stock Down 1.6%

Shares of NASDAQ:INTR opened at $8.43 on Monday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 0.41 and a beta of 1.13. Inter & Co. Inc. has a 1-year low of $3.88 and a 1-year high of $9.48. The company’s fifty day moving average is $8.48 and its two-hundred day moving average is $7.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%.The business had revenue of $365.45 million for the quarter, compared to analysts’ expectations of $2.04 billion. Equities analysts anticipate that Inter & Co. Inc. will post 0.48 EPS for the current year.

Inter & Co. Inc. Company 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.