Harbour Capital Advisors LLC Purchases New Position in Inter & Co. Inc. $INTR

Key Points

• Harbour Capital Advisors LLC has invested $385,000 in Inter & Co. Inc. by acquiring 55,550 shares during the second quarter.
• Inter & Co. Inc. has a market cap of $3.86 billion and reported a quarterly EPS of $0.13, exceeding estimates.
• UBS Group upgraded its target price for Inter & Co. Inc. shares to $9.20, with analysts giving a majority "Buy" rating amid a consensus price target of $6.77.

Harbour Capital Advisors LLC acquired a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 55,550 shares of the company's stock, valued at approximately $385,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Summit Securities Group LLC boosted its position in 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 valued at $50,000 after purchasing an additional 8,457 shares in the last quarter. HighTower Advisors LLC boosted its holdings 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. Teacher Retirement System of Texas boosted its holdings 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. D. E. Shaw & Co. Inc. acquired a new stake in Inter & Co. Inc. in the fourth quarter worth about $60,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Inter & Co. Inc. by 93.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company's stock worth $170,000 after acquiring an additional 14,971 shares in the last quarter. Institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Stock Performance

Shares of Inter & Co. Inc. stock traded up $0.35 on Tuesday, reaching $9.35. 1,523,396 shares of the stock were exchanged, compared to its average volume of 2,445,490. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. Inter & Co. Inc. has a twelve month low of $3.88 and a twelve month high of $9.43. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.43 and a beta of 1.13. The business has a 50 day moving average price of $7.87 and a two-hundred day moving average price of $6.97.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.04 billion. Analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Inter & Co. Inc. Company 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.