Samlyn Capital LLC Has $41.60 Million Stock Position in Inter & Co. Inc. $INTR

Key Points

• Samlyn Capital LLC increased its stake in Inter & Co. Inc. by 23.8% in Q1, acquiring an additional 1,459,151 shares, bringing their total holdings to 7,591,911 shares valued at approximately $41.6 million.
• UBS Group has reissued a "buy" rating for Inter & Co. Inc. with a price target raised to $9.20, reflecting positive sentiment among investment analysts despite a current rating of "Hold" with a consensus target price of $6.77.
• Inter & Co. Inc. reported earnings of $0.13 per share in the last quarter, surpassing estimates, while revenue was reported at $365.45 million, significantly lower than expected compared to analyst projections of $2.04 billion.

Samlyn Capital LLC grew its position in Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 23.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,591,911 shares of the company's stock after purchasing an additional 1,459,151 shares during the period. Samlyn Capital LLC owned approximately 1.73% of Inter & Co. Inc. worth $41,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit Securities Group LLC lifted its position in shares of Inter & Co. Inc. by 1,375.1% in the first quarter. Summit Securities Group LLC now owns 9,072 shares of the company's stock worth $50,000 after purchasing an additional 8,457 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Inter & Co. Inc. in the fourth quarter valued at about $60,000. Voya Investment Management LLC raised its holdings in Inter & Co. Inc. by 79.8% during the fourth quarter. Voya Investment Management LLC now owns 18,544 shares of the company's stock worth $78,000 after acquiring an additional 8,230 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Inter & Co. Inc. during the fourth quarter valued at approximately $93,000. Finally, Banco BTG Pactual S.A. bought a new position in Inter & Co. Inc. in the first quarter valued at approximately $110,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Stock Performance

Shares of INTR stock traded up $0.18 during midday trading on Thursday, hitting $8.98. 1,805,979 shares of the company were exchanged, compared to its average volume of 2,463,109. Inter & Co. Inc. has a 52 week low of $3.88 and a 52 week high of $9.06. The firm's 50 day moving average price is $7.55 and its two-hundred day moving average price is $6.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $3.95 billion, a P/E ratio of 19.96, a PEG ratio of 0.43 and a beta of 1.13.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $365.45 million during the quarter, compared to analysts' expectations of $2.04 billion. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%. As a group, equities research analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group reissued a "buy" rating and issued a $9.20 price objective (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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $6.77.

About Inter & Co. Inc.

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.