Inter & Co. Inc. (NASDAQ:INTR) Reaches New 1-Year High Following Earnings Beat

Key Points

• Inter & Co. Inc. shares reached a new 52-week high of $7.88 after reporting earnings that surpassed expectations, achieving $0.13 EPS compared to a consensus estimate of $0.12.
• The company's revenue for the quarter was $365.45 million, significantly lower than analyst estimates of $2.04 billion, with a return on equity of 10.88%.
• Institutional investors have been actively trading shares, with WCM Investment Management increasing its stake in the company by 170.5% recently.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $7.88 and last traded at $7.77, with a volume of 895133 shares traded. The stock had previously closed at $7.46.

The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $365.45 million for the quarter, compared to the consensus estimate of $2.04 billion. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%.

Institutional Investors Weigh In On Inter & Co. Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning increased its holdings in shares of Inter & Co. Inc. by 10.9% in the second quarter. Creative Planning now owns 43,704 shares of the company's stock valued at $325,000 after purchasing an additional 4,312 shares during the last quarter. Candriam S.C.A. increased its holdings in shares of Inter & Co. Inc. by 124.7% in the second quarter. Candriam S.C.A. now owns 1,430,000 shares of the company's stock valued at $10,625,000 after purchasing an additional 793,500 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Inter & Co. Inc. by 48.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 88,580 shares of the company's stock valued at $658,000 after purchasing an additional 28,853 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Inter & Co. Inc. by 0.3% in the second quarter. Geode Capital Management LLC now owns 444,505 shares of the company's stock valued at $3,303,000 after purchasing an additional 1,303 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Inter & Co. Inc. by 1,281.2% in the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company's stock valued at $42,000 after purchasing an additional 5,240 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.

Inter & Co. Inc. Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.41 and a beta of 1.12. The firm has a fifty day moving average of $7.06 and a 200 day moving average of $6.26.

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.