Squarepoint Ops LLC Has $426,000 Stock Position in Inter & Co. Inc. $INTR

Key Points

• Squarepoint Ops LLC cut its Inter & Co. position by 80.9% in the second quarter, selling 332,032 shares and retaining 78,414 shares valued at approximately $426,000.
• Other institutional investors were more bullish, with Wellington Management, Bank of America, and William Blair increasing their stakes; institutional investors collectively own 22.9% of INTR.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $9.16, while the stock recently traded at $5.57. Inter & Co. slightly exceeded quarterly EPS expectations but reported revenue below consensus estimates.

Squarepoint Ops LLC lessened its holdings in Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 80.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,414 shares of the company's stock after selling 332,032 shares during the quarter. Squarepoint Ops LLC's holdings in Inter & Co. Inc. were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in INTR. Hsbc Holdings PLC bought a new stake in shares of Inter & Co. Inc. in the first quarter valued at approximately $1,849,000. Bank of America Corp DE increased its stake 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. Wellington Management Group LLP increased its stake 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. William Blair Investment Management LLC raised its holdings in Inter & Co. Inc. by 60.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company's stock valued at $47,447,000 after acquiring an additional 2,110,861 shares in the last quarter. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new position in Inter & Co. Inc. in the 2nd quarter valued at $13,267,000. Institutional investors and hedge funds own 22.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on INTR shares. Weiss Ratings lowered Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 10th. UBS Group cut their price objective on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.16.

Inter & Co. Inc. Stock Performance

NASDAQ:INTR opened at $5.57 on Tuesday. The company has a market capitalization of $2.46 billion, a PE ratio of 8.44, a P/E/G ratio of 0.27 and a beta of 0.94. The company has a 50 day simple moving average of $5.50 and a two-hundred day simple moving average of $6.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. Inter & Co. Inc. has a fifty-two week low of $5.04 and a fifty-two week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%.The company had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. Research analysts anticipate that Inter & Co. Inc. will post 0.75 earnings per share for the current year.

Inter & Co. Inc. Profile

Inter & Co, Inc is a financial technology company that operates a digital banking and commerce platform primarily serving customers in Brazil. Through its Inter brand, the company offers financial services through a mobile application designed to combine banking, payments and other consumer services in a single platform.

Its products and services include digital checking accounts, payment cards, personal and business lending, investment products, insurance, foreign-exchange services and payment solutions.

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