Two Sigma Investments LP Raises Stock Holdings in Inter & Co, Inc. (NASDAQ:INTR)

Two Sigma Investments LP lifted its position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 14.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 472,799 shares of the company's stock after acquiring an additional 61,291 shares during the period. Two Sigma Investments LP owned 0.11% of Inter & Co, Inc. worth $1,995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB bought a new stake in Inter & Co, Inc. during the fourth quarter worth about $7,826,000. Millennium Management LLC purchased a new position in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $4,586,000. Marshall Wace LLP boosted its position in shares of Inter & Co, Inc. by 96.8% in the 4th quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock worth $8,213,000 after purchasing an additional 957,361 shares in the last quarter. Northern Trust Corp grew its stake in shares of Inter & Co, Inc. by 198.7% in the 4th quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock worth $5,554,000 after buying an additional 875,546 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of Inter & Co, Inc. by 29.0% in the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after buying an additional 742,769 shares during the last quarter. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Down 0.9%

Shares of NASDAQ INTR traded down $0.06 during midday trading on Tuesday, hitting $6.93. The stock had a trading volume of 1,387,496 shares, compared to its average volume of 2,076,591. The business's 50 day moving average is $6.29 and its 200-day moving average is $5.45. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.05 billion, a P/E ratio of 17.77 and a beta of 1.18.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. The firm had revenue of $323.40 million during the quarter, compared to analysts' expectations of $1.89 billion. As a group, analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley lowered their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a research note on Monday, March 17th.

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.