PDT Partners LLC Acquires 390,233 Shares of Inter & Co. Inc. $INTR

Key Points

• PDT Partners LLC significantly increased its stake in Inter & Co. Inc. by 226.7% during the first quarter, owning approximately $3.08 million worth of 562,341 shares.
• UBS Group raised its target price for Inter & Co. Inc. from $8.10 to $9.20, maintaining a "buy" rating as two analysts rated the stock as Buy and one as Sell.
• Inter & Co. Inc. reported quarterly earnings of $0.13 per share, surpassing analysts' expectations of $0.12, alongside revenues of $365.45 million for the quarter.

PDT Partners LLC lifted its position in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 226.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 562,341 shares of the company's stock after purchasing an additional 390,233 shares during the period. PDT Partners LLC owned 0.13% of Inter & Co. Inc. worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Northern Trust Corp grew 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 buying an additional 875,546 shares in the last quarter. Millennium Management LLC acquired a new stake in Inter & Co. Inc. during the fourth quarter worth approximately $4,586,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 buying an additional 277,329 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 worth $3,520,000 after buying an additional 604,518 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Inter & Co. Inc. by 255.5% during the first quarter. American Century Companies Inc. now owns 771,014 shares of the company's stock worth $4,225,000 after buying an additional 554,124 shares in the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group reaffirmed 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 analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Inter & Co. Inc. has a consensus rating of "Hold" and a consensus target price of $6.77.

Inter & Co. Inc. Price Performance

Shares of NASDAQ INTR traded up $0.33 during mid-day trading on Friday, hitting $8.77. 2,036,556 shares of the stock traded hands, compared to its average volume of 2,665,708. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.89. Inter & Co. Inc. has a twelve month low of $3.88 and a twelve month high of $8.79. The company has a market cap of $3.86 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.41 and a beta of 1.13. The firm has a 50 day simple moving average of $7.46 and a two-hundred day simple moving average of $6.67.

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 for the quarter, beating the consensus estimate 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 company had revenue of $365.45 million for the quarter, compared to the consensus estimate of $2.04 billion. As a group, equities research analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

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.