Handelsbanken Fonder AB Sells 40,000 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Handelsbanken Fonder AB decreased its stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 27.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 104,500 shares of the company's stock after selling 40,000 shares during the period. Handelsbanken Fonder AB's holdings in Inter & Co, Inc. were worth $573,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in INTR. Allspring Global Investments Holdings LLC lifted its position in shares of Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock worth $68,000 after purchasing an additional 2,399 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Inter & Co, Inc. by 6.4% in the 4th quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock valued at $207,000 after buying an additional 2,961 shares during the last quarter. Prudential PLC increased its position in Inter & Co, Inc. by 27.0% in the 4th quarter. Prudential PLC now owns 18,539 shares of the company's stock worth $78,000 after buying an additional 3,937 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Inter & Co, Inc. by 18.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company's stock worth $150,000 after buying an additional 5,475 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Inter & Co, Inc. by 78.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after buying an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered their price objective on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research note on Monday, March 17th.

Inter & Co, Inc. Stock Performance

Shares of NASDAQ INTR traded up $0.45 during mid-day trading on Monday, hitting $7.51. The company had a trading volume of 1,971,254 shares, compared to its average volume of 2,117,807. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The firm has a market cap of $3.30 billion, a P/E ratio of 19.26 and a beta of 1.16. The business's 50-day simple moving average is $6.57 and its 200-day simple moving average is $5.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $323.40 million for the quarter, compared to analyst estimates of $1.89 billion. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. As a group, analysts predict 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.