Integrated Quantitative Investments LLC Makes New Investment in Inter & Co. Inc. $INTR

Integrated Quantitative Investments LLC acquired a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 62,411 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds also recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its stake in Inter & Co. Inc. by 42.0% in the first quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company’s stock valued at $200,000 after acquiring an additional 10,827 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Inter & Co. Inc. in the 1st quarter worth about $842,000. GSA Capital Partners LLP purchased a new position in shares of Inter & Co. Inc. in the 1st quarter worth about $1,079,000. Nuveen LLC bought a new position in shares of Inter & Co. Inc. during the 1st quarter valued at about $946,000. Finally, HighTower Advisors LLC increased its position in shares of Inter & Co. Inc. by 72.8% during the 1st quarter. HighTower Advisors LLC now owns 25,419 shares of the company’s stock valued at $139,000 after purchasing an additional 10,710 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INTR shares. UBS Group boosted their target price on Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Inter & Co. Inc. in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Inter & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $7.90.

Inter & Co. Inc. Price Performance

Shares of NASDAQ INTR opened at $9.22 on Monday. The firm’s fifty day moving average is $9.11 and its 200 day moving average is $7.93. Inter & Co. Inc. has a 52 week low of $3.88 and a 52 week high of $10.22. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 0.46 and a beta of 1.13.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $396.89 million during the quarter, compared to analysts’ expectations of $2.14 billion. Inter & Co. Inc. had a net margin of 12.46% and a return on equity of 12.57%. On average, equities research analysts expect that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

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.