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

A number of other institutional investors have also recently made changes to their positions in INTR. Millennium Management LLC purchased a new stake in shares of Inter & Co. Inc. during the fourth quarter valued at approximately $4,586,000. Northern Trust Corp grew its holdings in shares of Inter & Co. Inc. by 198.7% during the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock valued at $5,554,000 after buying an additional 875,546 shares during the last quarter. Candriam S.C.A. purchased a new stake in shares of Inter & Co. Inc. during the first quarter valued at approximately $3,488,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Inter & Co. Inc. by 263.4% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 834,042 shares of the company's stock valued at $3,520,000 after buying an additional 604,518 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Inter & Co. Inc. by 255.5% during the first quarter. American Century Companies Inc. now owns 771,014 shares of the company's stock valued at $4,225,000 after buying an additional 554,124 shares during the last quarter. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Stock Performance

INTR stock traded down $0.07 on Friday, hitting $8.91. The company had a trading volume of 998,771 shares, compared to its average volume of 2,010,653. Inter & Co. Inc. has a 12-month low of $3.88 and a 12-month high of $9.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.06. The stock's 50-day simple moving average is $7.63 and its 200 day simple moving average is $6.80. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 0.44 and a beta of 1.13.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Inter & Co. Inc. had a net margin of 12.55% and a return on equity of 11.85%. The company had revenue of $365.45 million for the quarter, compared to analysts' expectations of $2.04 billion. As a group, equities research analysts expect that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, 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 report 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.