Y Intercept Hong Kong Ltd Has $2.99 Million Stake in Inter & Co. Inc. $INTR

Y Intercept Hong Kong Ltd raised its holdings in Inter & Co. Inc. (NASDAQ:INTR) by 161.5% in the second quarter, Holdings Channel reports. The fund owned 401,829 shares of the company’s stock after acquiring an additional 248,159 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Inter & Co. Inc. were worth $2,986,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WCM Investment Management LLC grew its stake in Inter & Co. Inc. by 170.5% in the second quarter. WCM Investment Management LLC now owns 8,724,180 shares of the company’s stock valued at $64,123,000 after acquiring an additional 5,499,557 shares during the period. Samlyn Capital LLC boosted its position in shares of Inter & Co. Inc. by 23.8% during the first quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company’s stock worth $41,604,000 after buying an additional 1,459,151 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Inter & Co. Inc. by 43.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock worth $16,042,000 after buying an additional 891,939 shares during the period. Swedbank AB boosted its position in shares of Inter & Co. Inc. by 51.3% during the first quarter. Swedbank AB now owns 2,806,400 shares of the company’s stock worth $15,379,000 after buying an additional 952,000 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Inter & Co. Inc. by 94.4% during the first quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock worth $11,580,000 after buying an additional 1,026,321 shares during the period. 22.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group upped their price objective on Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings cut Inter & Co. Inc. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.90.

Inter & Co. Inc. Price Performance

NASDAQ:INTR opened at $9.17 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $8.88 and its two-hundred day moving average price is $7.65. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 0.47 and a beta of 1.13. Inter & Co. Inc. has a 12-month low of $3.88 and a 12-month high of $9.66.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $365.45 million for the quarter, compared to analyst estimates of $2.04 billion. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%. On average, analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share 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.