2,443,213 Shares in Inter & Co. Inc. $INTR Purchased by Navi International Administradora e Gestora de Recursos Financeiros Ltda.

Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new stake in Inter & Co. Inc. (NASDAQ:INTR) in the second quarter, Holdings Channel.com reports. The firm acquired 2,443,213 shares of the company’s stock, valued at approximately $13,267,000. Inter & Co. Inc. comprises 9.2% of Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s portfolio, making the stock its 5th biggest position.

Several other hedge funds also recently bought and sold shares of INTR. Wasatch Advisors LP increased its holdings in Inter & Co. Inc. by 170.8% during the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after acquiring an additional 9,704,435 shares during the period. Samlyn Capital LLC raised its position in shares of Inter & Co. Inc. by 19.9% in the third quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock worth $78,600,000 after buying an additional 1,415,601 shares in the last quarter. Marshall Wace LLP boosted its stake in Inter & Co. Inc. by 62.7% during the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock valued at $65,588,000 after buying an additional 2,981,210 shares during the period. Wellington Management Group LLP increased its stake in Inter & Co. Inc. by 16.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock worth $35,147,000 after acquiring an additional 904,682 shares during the last quarter. Finally, Squadra Investments Gestao DE Recursos LTDA. raised its holdings in shares of Inter & Co. Inc. by 1.1% in the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock valued at $50,315,000 after acquiring an additional 67,500 shares in the last quarter. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Down 2.4%

Shares of NASDAQ INTR opened at $5.66 on Friday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 8.58, a PEG ratio of 0.23 and a beta of 0.94. Inter & Co. Inc. has a one year low of $5.04 and a one year high of $10.36. The firm’s 50 day simple moving average is $5.50 and its two-hundred day simple moving average is $6.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. As a group, analysts expect that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on INTR shares. The Goldman Sachs Group dropped their price target on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Friday, May 8th. UBS Group lowered their target price on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Citigroup lowered shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $12.00 to $6.50 in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Inter & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $9.16.

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. 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.