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WCM Investment Management LLC Acquires 5,499,557 Shares of Inter & Co. Inc. $INTR

Inter & Co. Inc. logo with Finance background

Key Points

  • WCM Investment Management LLC significantly increased its holdings in Inter & Co. Inc., acquiring 5,499,557 shares during the second quarter, bringing its total to 8,724,180 shares.
  • The stock of Inter & Co. Inc. is currently trading at $8.90, with a 52-week range between $3.88 and $9.48, and has a market capitalization of $3.91 billion.
  • Recent analyst ratings for Inter & Co. Inc. include a downgrade from Weiss Ratings and a maintained "buy" rating from UBS Group, with a target price increase to $9.20.
  • Five stocks we like better than Inter & Co. Inc..

WCM Investment Management LLC increased its holdings in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 170.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,724,180 shares of the company's stock after purchasing an additional 5,499,557 shares during the period. WCM Investment Management LLC owned 1.98% of Inter & Co. Inc. worth $64,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Inspire Investing LLC bought a new position in shares of Inter & Co. Inc. during the second quarter valued at approximately $843,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Inter & Co. Inc. during the second quarter valued at approximately $136,000. Public Employees Retirement System of Ohio boosted its stake in shares of Inter & Co. Inc. by 65.8% during the second quarter. Public Employees Retirement System of Ohio now owns 63,000 shares of the company's stock valued at $468,000 after purchasing an additional 25,000 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Inter & Co. Inc. during the second quarter valued at approximately $385,000. Finally, Swedbank AB boosted its stake in shares of Inter & Co. Inc. by 51.3% during the first quarter. Swedbank AB now owns 2,806,400 shares of the company's stock valued at $15,379,000 after purchasing an additional 952,000 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Trading Up 2.5%

NASDAQ:INTR opened at $8.90 on Thursday. Inter & Co. Inc. has a 52 week low of $3.88 and a 52 week high of $9.48. The firm has a 50 day moving average of $8.59 and a 200 day moving average of $7.33. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.42 and a beta of 1.13.

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

Wall Street Analysts Forecast Growth

INTR has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Inter & Co. Inc. from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. UBS Group reissued a "buy" rating and set a $9.20 target price (up previously from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.77.

View Our Latest Research Report on Inter & Co. Inc.

Inter & Co. Inc. Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Inter & Co. Inc. (NASDAQ:INTR)

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