Headlands Technologies LLC Purchases 184,340 Shares of Inter & Co. Inc. $INTR

Headlands Technologies LLC grew its position in Inter & Co. Inc. (NASDAQ:INTR) by 571.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,603 shares of the company’s stock after purchasing an additional 184,340 shares during the quarter. Headlands Technologies LLC’s holdings in Inter & Co. Inc. were worth $1,176,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Inter & Co. Inc. by 15,133.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock worth $62,000 after purchasing an additional 7,264 shares during the last quarter. Barclays PLC acquired a new position in Inter & Co. Inc. in the 4th quarter valued at $63,000. Fideuram Asset Management Ireland dac bought a new position in Inter & Co. Inc. during the 4th quarter worth $92,000. State of Wyoming bought a new position in Inter & Co. Inc. during the 4th quarter worth $122,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Inter & Co. Inc. during the fourth quarter worth $126,000. Institutional investors own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

INTR has been the subject of a number of recent research reports. Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. lowered their price target on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. The Goldman Sachs Group cut their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Citigroup lowered shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.16.

Inter & Co. Inc. Price Performance

Shares of INTR stock opened at $5.41 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. Inter & Co. Inc. has a twelve month low of $5.04 and a twelve month high of $10.36. The company has a market cap of $2.39 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.21 and a beta of 0.95. The business has a fifty day simple moving average of $5.47 and a 200 day simple moving average of $6.75.

Inter & Co. Inc. (NASDAQ:INTR) last released its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $475.45 million for the quarter, compared to analysts’ expectations of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. On average, sell-side analysts forecast that Inter & Co. Inc. will post 0.79 EPS for the current fiscal year.

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. 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.