Navi International Administradora e Gestora de Recursos Financeiros Ltda. Makes New $13.27 Million Investment in Inter & Co. Inc. $INTR

Key Points

• Navi International acquired 2.44 million shares of Inter & Co., valued at approximately $13.27 million, making the position 9.2% of its portfolio and representing about 0.55% of Inter’s outstanding shares.
• Analyst sentiment remains moderately positive, with three Buy and three Hold ratings and an average price target of $9.16, although several firms recently lowered their targets.
• Inter & Co. reported quarterly EPS of $0.19, slightly above estimates, but revenue of $475.45 million fell short of the $513.31 million consensus. The stock opened at $5.66, near its 52-week low of $5.04.

Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new position in Inter & Co. Inc. (NASDAQ:INTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,443,213 shares of the company's stock, valued at approximately $13,267,000. Inter & Co. Inc. comprises 9.2% of Navi International Administradora e Gestora de Recursos Financeiros Ltda.'s holdings, making the stock its 5th largest holding. Navi International Administradora e Gestora de Recursos Financeiros Ltda. owned approximately 0.55% of Inter & Co. Inc. at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its position in Inter & Co. Inc. by 15,133.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company's stock worth $62,000 after purchasing an additional 7,264 shares during the last quarter. Barclays PLC purchased a new stake in shares of Inter & Co. Inc. during the 4th quarter valued at $63,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Inter & Co. Inc. during the 4th quarter worth $92,000. State of Wyoming bought a new stake in shares of Inter & Co. Inc. during the 4th quarter worth $122,000. Finally, Brooklyn Investment Group purchased a new position in shares of Inter & Co. Inc. in the 4th quarter worth about $126,000. 22.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTR. The Goldman Sachs Group decreased their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a "buy" rating for the company in a report on Friday, May 8th. Wall Street Zen downgraded shares of Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. UBS Group lowered their price target on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Citigroup downgraded Inter & Co. Inc. from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $12.00 to $6.50 in a research note on Monday, May 18th. Finally, Weiss Ratings lowered Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $9.16.

Inter & Co. Inc. Price Performance

NASDAQ INTR opened at $5.66 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.50 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.23 and a beta of 0.94. Inter & Co. Inc. has a 52 week low of $5.04 and a 52 week high of $10.36. The firm's 50-day simple moving average is $5.50 and its two-hundred day simple moving average is $6.67.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $475.45 million during the quarter, compared to the consensus estimate of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. Research analysts predict that Inter & Co. Inc. will post 0.77 earnings per share for the current 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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.

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