Inter & Co. Inc. $INTR Shares Bought by CenterBook Partners LP

Key Points

• CenterBook Partners increased its Inter & Co. stake by 401.7% in the third quarter, adding 374,896 shares to hold 468,222 shares worth about $2.5 million.
• Institutional investors own 22.9% of the stock, and analyst views are mixed: the consensus rating is Hold, with an average price target of $9.30.
• Inter & Co. shares opened at $3.86, near their 12-month low of $3.75 and well below their 12-month high of $10.36.

CenterBook Partners LP increased its position in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 401.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 468,222 shares of the company's stock after purchasing an additional 374,896 shares during the quarter. CenterBook Partners LP owned approximately 0.11% of Inter & Co. Inc. worth $2,500,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new position in shares of Inter & Co. Inc. in the second quarter valued at approximately $13,267,000. Wellington Management Group LLP increased its holdings in Inter & Co. Inc. by 16.2% during the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company's stock worth $35,147,000 after acquiring an additional 904,682 shares during the period. Hsbc Holdings PLC bought a new stake in Inter & Co. Inc. during the 1st quarter worth approximately $1,849,000. Bank of America Corp DE increased its holdings in Inter & Co. Inc. by 84.3% during the 1st quarter. Bank of America Corp DE now owns 1,488,581 shares of the company's stock worth $11,849,000 after acquiring an additional 680,958 shares during the period. Finally, SPX Gestao de Recursos Ltda lifted its stake in Inter & Co. Inc. by 1,059.2% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company's stock worth $32,029,000 after purchasing an additional 3,676,696 shares in the last quarter. 22.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group set a $9.00 price target on shares of Inter & Co. Inc. in a report on Thursday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, October 6th. UBS Group upped their price target on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, October 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Finally, Zacks Research lowered Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a research note on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.30.

Inter & Co. Inc. Price Performance

Shares of NASDAQ INTR opened at $3.86 on Monday. Inter & Co. Inc. has a 12 month low of $3.75 and a 12 month high of $10.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 0.19 and a beta of 1.01. The business has a 50-day moving average of $5.68 and a 200-day moving average of $6.69.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter's platform includes marketplace and shopping services, as well as travel-related offerings.

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