Inter & Co. Inc. $INTR Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd lessened its holdings in shares of Inter & Co. Inc. (NASDAQ:INTR) by 60.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,700 shares of the company’s stock after selling 67,500 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Inter & Co. Inc. were worth $332,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in Inter & Co. Inc. by 1,281.2% during the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock worth $42,000 after buying an additional 5,240 shares during the period. Summit Securities Group LLC lifted its holdings in shares of Inter & Co. Inc. by 1,375.1% during the 1st quarter. Summit Securities Group LLC now owns 9,072 shares of the company’s stock valued at $50,000 after acquiring an additional 8,457 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Inter & Co. Inc. during the 2nd quarter worth $136,000. Banco BTG Pactual S.A. purchased a new stake in Inter & Co. Inc. during the 1st quarter worth $110,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Inter & Co. Inc. in the 2nd quarter valued at $172,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Down 1.4%

INTR stock opened at $8.27 on Friday. Inter & Co. Inc. has a twelve month low of $3.88 and a twelve month high of $10.22. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.64 billion, a P/E ratio of 16.88, a PEG ratio of 0.41 and a beta of 1.13. The firm has a 50 day simple moving average of $9.09 and a 200-day simple moving average of $7.98.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on INTR. Itau BBA Securities cut Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $11.00 to $10.00 in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group upped their price target on Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings lowered shares of Inter & Co. Inc. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Inter & Co. Inc. currently has a consensus rating of “Hold” and a consensus target price of $8.32.

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.