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

WCM Investment Management LLC decreased its position in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

A number of other hedge funds have also recently bought and sold shares of INTR. Allspring Global Investments Holdings LLC lifted its stake in shares of Inter & Co. Inc. by 93.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company's stock valued at $170,000 after acquiring an additional 14,971 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in Inter & Co. Inc. during the 4th quarter worth about $190,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Inter & Co. Inc. by 37.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,009,090 shares of the company's stock valued at $4,258,000 after purchasing an additional 277,329 shares during the period. Voloridge Investment Management LLC acquired a new position in Inter & Co. Inc. during the 4th quarter valued at about $377,000. Finally, Two Sigma Advisers LP bought a new position in shares of Inter & Co. Inc. in the 4th quarter valued at about $93,000. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Trading Up 1.8%

NASDAQ INTR traded up $0.13 on Thursday, reaching $7.06. The company had a trading volume of 2,134,402 shares, compared to its average volume of 2,190,064. Inter & Co. Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. The stock's 50 day moving average is $7.05 and its 200-day moving average is $5.80. 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 stock 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. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company 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%. Equities analysts predict that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley cut their price objective on shares of Inter & Co. Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a 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.