Inter & Co. Inc. $INTR Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has reduced its holdings in Inter & Co. Inc. by 21.3%, owning 242,336 shares worth approximately $1.33 million after selling 65,682 shares during the first quarter.
• Summit Securities Group LLC significantly increased its position in Inter & Co. Inc. by 1,375.1% in the same quarter, now holding 9,072 shares valued at $50,000.
• Inter & Co. Inc. reported earnings of $0.13 per share for the quarter, beating the estimated $0.12, while its market cap stands at $3.55 billion with a current stock price of $8.08.

Quantbot Technologies LP reduced its stake in Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 242,336 shares of the company's stock after selling 65,682 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Inter & Co. Inc. worth $1,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC increased its stake 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 worth $50,000 after acquiring an additional 8,457 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Inter & Co. Inc. in the fourth quarter valued at $60,000. Voya Investment Management LLC grew its stake in shares of Inter & Co. Inc. by 79.8% in the fourth quarter. Voya Investment Management LLC now owns 18,544 shares of the company's stock valued at $78,000 after buying an additional 8,230 shares in the last quarter. Talon Private Wealth LLC acquired a new stake in shares of Inter & Co. Inc. in the fourth quarter valued at $83,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of Inter & Co. Inc. in the fourth quarter valued at $93,000. Institutional investors and hedge funds own 22.90% of the company's stock.

Inter & Co. Inc. Stock Up 2.9%

Inter & Co. Inc. stock traded up $0.25 during trading on Thursday, reaching $8.64. The stock had a trading volume of 672,756 shares, compared to its average volume of 2,483,075. 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 52-week low of $3.88 and a 52-week high of $8.71. The stock has a market cap of $3.80 billion, a PE ratio of 19.17, a P/E/G ratio of 0.40 and a beta of 1.12. The business has a 50 day moving average price of $7.30 and a 200 day moving average price of $6.52.

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

Analysts Set New Price Targets

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