Fox Run Management L.L.C. Invests $253,000 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. bought a new stake in Inter & Co. Inc. (NASDAQ:INTR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 46,120 shares of the company's stock, valued at approximately $253,000.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP lifted its position in Inter & Co. Inc. by 96.8% during the fourth quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock worth $8,213,000 after purchasing an additional 957,361 shares during the period. Geode Capital Management LLC lifted its position in Inter & Co. Inc. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock worth $7,047,000 after purchasing an additional 5,992 shares during the period. Northern Trust Corp lifted its position in Inter & Co. Inc. by 198.7% during the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock worth $5,554,000 after purchasing an additional 875,546 shares during the period. Millennium Management LLC bought a new stake in Inter & Co. Inc. during the fourth quarter worth about $4,586,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Inter & Co. Inc. by 37.9% during the fourth 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 purchasing an additional 277,329 shares during the period. Institutional investors own 22.90% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group reaffirmed a "buy" rating and set a $9.20 price objective (up previously from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.77.

Inter & Co. Inc. Trading Up 2.2%

Shares of Inter & Co. Inc. stock traded up $0.1750 on Monday, hitting $8.2550. The stock had a trading volume of 1,349,831 shares, compared to its average volume of 2,484,333. The stock has a 50 day moving average of $7.26 and a 200 day moving average of $6.48. Inter & Co. Inc. has a twelve month low of $3.88 and a twelve month high of $8.36. 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 firm has a market capitalization of $3.63 billion, a P/E ratio of 18.34, a PEG ratio of 0.39 and a beta of 1.12.

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

Inter & Co. Inc. 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.