Wasatch Advisors LP Cuts Holdings in Inter & Co. Inc. $INTR

Wasatch Advisors LP lowered its position in Inter & Co. Inc. (NASDAQ:INTR) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,168,620 shares of the company’s stock after selling 216,519 shares during the quarter. Wasatch Advisors LP owned 3.45% of Inter & Co. Inc. worth $120,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Inter & Co. Inc. by 15,133.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock worth $62,000 after acquiring an additional 7,264 shares during the last quarter. Barclays PLC acquired a new position in shares of Inter & Co. Inc. in the 4th quarter valued at about $63,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Inter & Co. Inc. during the 4th quarter worth about $92,000. State of Wyoming purchased a new stake in shares of Inter & Co. Inc. during the 4th quarter worth about $122,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Inter & Co. Inc. during the 4th quarter worth about $123,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analyst Ratings Changes

INTR has been the topic of several research reports. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. UBS Group decreased their price objective on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Citigroup lowered shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $6.50 in a report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Inter & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $9.28.

Inter & Co. Inc. Stock Performance

Shares of INTR opened at $5.41 on Friday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.21 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $6.43 and its two-hundred day moving average is $7.80. Inter & Co. Inc. has a 52-week low of $5.16 and a 52-week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $437.95 million during the quarter, compared to the consensus estimate of $495.33 million. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. Analysts forecast that Inter & Co. Inc. will post 0.77 EPS for the current fiscal 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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.