Inter & Co. Inc. (NASDAQ:INTR) Reaches New 1-Year High - Here's What Happened

Key Points

• Inter & Co. Inc. (NASDAQ:INTR) reached a new 52-week high of $9.10 during trading, with a last traded price of $9.14.
• UBS Group has restated a buy rating on Inter & Co. Inc. and increased its price target to $9.20, up from $8.10.
• The company reported $0.13 earnings per share for the last quarter, exceeding the consensus estimate of $0.12, with a revenue of $365.45 million.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $9.10 and last traded at $9.14, with a volume of 635828 shares. The stock had previously closed at $8.95.

Analyst Ratings Changes

Separately, UBS Group reissued a "buy" rating and set a $9.20 price target (up from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.77.

Inter & Co. Inc. Price Performance

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 firm has a market capitalization of $3.86 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13. The business's 50 day moving average is $7.83 and its two-hundred day moving average is $6.94.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $365.45 million for 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%. Equities research analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in INTR. SBI Securities Co. Ltd. raised its holdings in shares of Inter & Co. Inc. by 1,281.2% in the 2nd 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 in the last quarter. Summit Securities Group LLC lifted its stake in Inter & Co. Inc. by 1,375.1% in the first quarter. Summit Securities Group LLC now owns 9,072 shares of the company's stock worth $50,000 after acquiring an additional 8,457 shares during the last quarter. Scotia Capital Inc. acquired a new position in shares of Inter & Co. Inc. in the 2nd quarter valued at $99,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Inter & Co. Inc. in the 4th quarter worth about $60,000. Finally, Entropy Technologies LP acquired a new position in shares of Inter & Co. Inc. during the 2nd quarter valued at about $131,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

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.