Voloridge Investment Management LLC Invests $377,000 in Inter & Co, Inc. (NASDAQ:INTR)

Voloridge Investment Management LLC purchased a new position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 89,344 shares of the company's stock, valued at approximately $377,000.

Several other large investors also recently made changes to their positions in INTR. US Bancorp DE lifted its holdings in Inter & Co, Inc. by 6,054.6% in the 4th quarter. US Bancorp DE now owns 5,970 shares of the company's stock worth $25,000 after purchasing an additional 5,873 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Inter & Co, Inc. in the fourth quarter worth $42,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Inter & Co, Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after buying an additional 5,500 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in Inter & Co, Inc. in the 4th quarter valued at $60,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Inter & Co, Inc. by 17.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after buying an additional 2,399 shares during the last quarter. Institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Performance

Shares of INTR stock traded down $0.14 during trading hours on Friday, reaching $7.09. 3,190,302 shares of the company's stock were exchanged, compared to its average volume of 2,080,070. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two 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 stock has a market capitalization of $3.12 billion, a P/E ratio of 18.18 and a beta of 1.18. The business has a fifty day moving average price of $6.27 and a 200-day moving average price of $5.44.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. The company had revenue of $323.40 million for the quarter, compared to analyst estimates of $1.89 billion. Analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.