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

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

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WCM Investment Management LLC boosted its position in Inter & Co, Inc. by 29.0% during the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock valued at $13,842,000 after acquiring an additional 742,769 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Inter & Co, Inc. by 96.8% during the fourth quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock valued at $8,213,000 after purchasing an additional 957,361 shares in the last quarter. Swedbank AB purchased a new position in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $7,826,000. Geode Capital Management LLC lifted its holdings in shares of Inter & Co, Inc. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock valued at $7,047,000 after purchasing an additional 5,992 shares during the last quarter. Finally, Northern Trust Corp boosted its position 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 purchasing an additional 875,546 shares in the last quarter. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Down 0.9%

INTR stock traded down $0.06 during trading on Tuesday, hitting $6.93. 1,387,496 shares of the stock traded hands, compared to its average volume of 2,079,761. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. The firm's 50 day moving average is $6.32 and its two-hundred day moving average is $5.46. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 17.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87.

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

Analyst Ratings Changes

Separately, Morgan Stanley reduced their price objective on 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.

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.