William Blair Investment Management LLC Purchases Shares of 1,668,013 Inter & Co. Inc. $INTR

Key Points

• William Blair Investment Management LLC has acquired 1,668,013 shares of Inter & Co. Inc. for about $12.4 million, representing a 0.38% ownership stake in the company.
• Multiple large investors have significantly increased their positions in Inter & Co. Inc., with institutional investors now owning 22.90% of the company's stock.
• Analysts have mixed ratings for the stock, with a consensus rating of "Hold" and a target price of $7.20, despite a recent price objective increase by UBS Group to $10.50.

William Blair Investment Management LLC purchased a new stake in Inter & Co. Inc. (NASDAQ:INTR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,668,013 shares of the company's stock, valued at approximately $12,393,000. William Blair Investment Management LLC owned 0.38% of Inter & Co. Inc. at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Inter & Co. Inc. by 93.4% in 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 in the last quarter. Inspire Investing LLC bought a new position in shares of Inter & Co. Inc. in the second quarter valued at approximately $843,000. Harbour Capital Advisors LLC bought a new position in shares of Inter & Co. Inc. in the second quarter valued at approximately $385,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Inter & Co. Inc. by 65.8% in the second quarter. Public Employees Retirement System of Ohio now owns 63,000 shares of the company's stock valued at $468,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Inter & Co. Inc. in the first quarter valued at approximately $946,000. Institutional investors and hedge funds own 22.90% of the company's stock.

Analyst Ratings Changes

INTR has been the subject of several recent analyst reports. Weiss Ratings cut shares of Inter & Co. Inc. from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. UBS Group increased their price objective on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the company a "buy" rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.20.

Inter & Co. Inc. Trading Up 2.5%

Shares of NASDAQ:INTR opened at $9.33 on Tuesday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.44 and a beta of 1.13. Inter & Co. Inc. has a 1-year low of $3.88 and a 1-year high of $9.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day moving average price of $8.68 and a 200 day moving average price of $7.43.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.