Fox Run Management L.L.C. Takes $253,000 Position in Inter & Co. Inc. $INTR

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Inter & Co. Inc., purchasing 46,120 shares valued at approximately $253,000.
• Wall Street analysts remain optimistic, with UBS Group reaffirming a "buy" rating and increasing the price target for Inter & Co. Inc. from $8.10 to $9.20.
• Inter & Co. Inc. reported quarterly earnings of $0.13 per share, exceeding expectations, although revenue fell short at $365.45 million compared to the estimate of $2.04 billion.

Fox Run Management L.L.C. acquired a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,120 shares of the company's stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP raised its stake in shares of Inter & Co. Inc. by 96.8% in the fourth quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock valued at $8,213,000 after acquiring an additional 957,361 shares during the period. Geode Capital Management LLC increased its position in Inter & Co. Inc. by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock valued at $7,047,000 after purchasing an additional 5,992 shares during the period. Northern Trust Corp increased its position in Inter & Co. Inc. by 198.7% during the 4th quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock valued at $5,554,000 after purchasing an additional 875,546 shares during the period. Millennium Management LLC purchased a new position in shares of Inter & Co. Inc. in the 4th quarter worth approximately $4,586,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Inter & Co. Inc. by 37.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,009,090 shares of the company's stock worth $4,258,000 after buying an additional 277,329 shares during the last quarter. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Price Performance

Shares of INTR stock traded down $0.05 on Tuesday, reaching $8.21. 2,120,451 shares of the company were exchanged, compared to its average volume of 2,946,864. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day moving average price of $7.29 and a 200 day moving average price of $6.51. Inter & Co. Inc. has a 1 year low of $3.88 and a 1 year high of $8.37. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 0.40 and a beta of 1.12.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $365.45 million for the quarter, compared to analyst estimates of $2.04 billion. Equities research analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

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