Inter & Co. Inc. (NASDAQ:INTR) Stock Price Down 6% - Here's Why

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) traded down 6% during mid-day trading on Friday . The company traded as low as $6.89 and last traded at $6.86. 1,402,670 shares changed hands during trading, a decline of 37% from the average session volume of 2,227,556 shares. The stock had previously closed at $7.30.

Inter & Co. Inc. Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.85 and a quick ratio of 0.85. The stock's 50 day simple moving average is $7.12 and its two-hundred day simple moving average is $5.99. The stock has a market cap of $3.04 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 0.38 and a beta of 1.13.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.89 billion. Inter & Co. Inc. had a net margin of 11.87% and a return on equity of 10.88%. As a group, research analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of hedge funds have recently made changes to their positions in the business. Samlyn Capital LLC boosted its stake in Inter & Co. Inc. by 23.8% in the first quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company's stock worth $41,604,000 after buying an additional 1,459,151 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Inter & Co. Inc. by 43.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company's stock worth $16,042,000 after acquiring an additional 891,939 shares during the last quarter. Swedbank AB increased its holdings in Inter & Co. Inc. by 51.3% in the 1st quarter. Swedbank AB now owns 2,806,400 shares of the company's stock worth $15,379,000 after buying an additional 952,000 shares in the last quarter. Millennium Management LLC grew its stake in shares of Inter & Co. Inc. by 94.4% during the 1st quarter. Millennium Management LLC now owns 2,113,061 shares of the company's stock valued at $11,580,000 after purchasing an additional 1,026,321 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Inter & Co. Inc. by 96.8% during the 4th quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock valued at $8,213,000 after buying an additional 957,361 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors.

About Inter & Co. Inc.

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.

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