Trexquant Investment LP Purchases New Holdings in Inter & Co. Inc. $INTR

Key Points

• Trexquant Investment LP acquired a new position in Inter & Co. Inc., purchasing 118,658 shares worth approximately $650,000 during the first quarter.
• Institutional investors collectively own about 22.90% of Inter & Co. Inc.'s stock, with several hedge funds significantly increasing their holdings in recent quarters.
• UBS Group upgraded its target price for Inter & Co. Inc. from $8.10 to $9.20 while maintaining a "buy" rating, indicating confidence in the company's potential growth.

Trexquant Investment LP purchased a new position in Inter & Co. Inc. (NASDAQ:INTR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 118,658 shares of the company's stock, valued at approximately $650,000.

A number of other hedge funds also recently bought and sold shares of INTR. Hsbc Holdings PLC boosted its stake in Inter & Co. Inc. by 6.4% during the 4th quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock worth $207,000 after purchasing an additional 2,961 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Inter & Co. Inc. by 79.8% in the fourth quarter. Voya Investment Management LLC now owns 18,544 shares of the company's stock valued at $78,000 after acquiring an additional 8,230 shares during the period. Summit Securities Group LLC lifted its holdings in shares of Inter & Co. Inc. by 1,375.1% during the first quarter. Summit Securities Group LLC now owns 9,072 shares of the company's stock worth $50,000 after purchasing an additional 8,457 shares during the period. HighTower Advisors LLC raised its position in Inter & Co. Inc. by 72.8% in the first quarter. HighTower Advisors LLC now owns 25,419 shares of the company's stock worth $139,000 after acquiring an additional 10,710 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in Inter & Co. Inc. by 42.0% in the first quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company's stock worth $200,000 after acquiring an additional 10,827 shares in the last quarter. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Stock Up 1.8%

INTR stock traded up $0.16 during mid-day trading on Thursday, hitting $8.96. The stock had a trading volume of 949,469 shares, compared to its average volume of 2,458,055. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.43 and a beta of 1.13. The company has a fifty day moving average of $7.55 and a 200 day moving average of $6.75. Inter & Co. Inc. has a 1-year low of $3.88 and a 1-year high of $9.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.06.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $365.45 million during the quarter, compared to analysts' expectations of $2.04 billion. On average, equities analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, UBS Group reissued a "buy" rating and issued a $9.20 price target (up from $8.10) on shares of Inter & Co. Inc. in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.77.

About Inter & Co. Inc.

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.