WCM Investment Management LLC Sells 78,955 Shares of Inter & Co. Inc. (NASDAQ:INTR)

WCM Investment Management LLC decreased its holdings in Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,224,623 shares of the company's stock after selling 78,955 shares during the quarter. WCM Investment Management LLC owned approximately 0.74% of Inter & Co. Inc. worth $18,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of Inter & Co. Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company's stock valued at $25,000 after buying an additional 5,873 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Inter & Co. Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock valued at $52,000 after acquiring an additional 5,500 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Inter & Co. Inc. in the fourth quarter worth about $60,000. Prudential PLC raised its stake in shares of Inter & Co. Inc. by 27.0% in the fourth quarter. Prudential PLC now owns 18,539 shares of the company's stock worth $78,000 after acquiring an additional 3,937 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Inter & Co. Inc. by 79.8% during the fourth quarter. Voya Investment Management LLC now owns 18,544 shares of the company's stock worth $78,000 after purchasing an additional 8,230 shares in the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.

Inter & Co. Inc. Trading Up 1.8%

INTR stock traded up $0.13 during midday trading on Friday, reaching $7.06. The stock had a trading volume of 2,134,402 shares, compared to its average volume of 2,196,459. The business has a fifty day simple moving average of $7.06 and a two-hundred day simple moving average of $5.83. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.37 and a beta of 1.13. Inter & Co. Inc. has a twelve month low of $3.88 and a twelve month high of $7.84.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly 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). The business had revenue of $323.40 million for the quarter, compared to analyst estimates of $1.89 billion. Inter & Co. Inc. had a return on equity of 10.88% and a net margin of 11.87%. As a group, research analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

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