WINTON GROUP Ltd Acquires Shares of 112,258 Inter & Co. Inc. $INTR

WINTON GROUP Ltd acquired a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR) in the second quarter, HoldingsChannel.com reports. The fund acquired 112,258 shares of the company’s stock, valued at approximately $610,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. SPX Gestao de Recursos Ltda increased its stake in shares of Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after buying an additional 3,676,696 shares during the period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new stake in Inter & Co. Inc. during the 2nd quarter valued at $13,267,000. William Blair Investment Management LLC boosted its position 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 valued at $47,447,000 after buying an additional 2,110,861 shares during the period. Wellington Management Group LLP boosted its position in Inter & Co. Inc. by 16.2% during the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after buying an additional 904,682 shares during the period. Finally, Bank of America Corp DE grew its holdings in Inter & Co. Inc. by 84.3% in the 1st quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock worth $11,849,000 after acquiring an additional 680,958 shares during the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Price Performance

Shares of Inter & Co. Inc. stock opened at $5.58 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.46 billion, a PE ratio of 8.45, a P/E/G ratio of 0.29 and a beta of 0.94. The business has a 50 day moving average of $5.52 and a 200 day moving average of $6.52. Inter & Co. Inc. has a 52 week low of $5.04 and a 52 week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. As a group, equities research analysts forecast that Inter & Co. Inc. will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

INTR has been the topic of a number of analyst reports. Weiss Ratings cut shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 10th. UBS Group dropped their target price on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and cut their target price for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Inter & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $9.16.

Inter & Co. Inc. Company Profile

Inter & Co, Inc is a financial technology company that operates a digital banking and commerce platform primarily serving customers in Brazil. Through its Inter brand, the company offers financial services through a mobile application designed to combine banking, payments and other consumer services in a single platform.

Its products and services include digital checking accounts, payment cards, personal and business lending, investment products, insurance, foreign-exchange services and payment solutions.