Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda cut its holdings in Inter & Co, Inc. (NASDAQ:INTR) by 28.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,519,106 shares of the company’s stock after selling 1,022,154 shares during the period. Inter & Co, Inc. accounts for about 2.3% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 11th largest holding. SPX Gestao de Recursos Ltda owned approximately 0.58% of Inter & Co, Inc. worth $15,493,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Samlyn Capital LLC raised its position in Inter & Co, Inc. by 4.1% in the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after purchasing an additional 196,355 shares during the period. Millennium Management LLC raised its holdings in Inter & Co, Inc. by 70.7% in the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after buying an additional 1,868,527 shares during the period. Marshall Wace LLP lifted its position in Inter & Co, Inc. by 152.9% in the second quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock valued at $14,203,000 after buying an additional 1,396,317 shares during the last quarter. Fourth Sail Capital LP purchased a new position in Inter & Co, Inc. during the first quarter worth about $9,155,000. Finally, Bank of Montreal Can acquired a new stake in shares of Inter & Co, Inc. during the second quarter valued at about $1,954,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co, Inc. Trading Down 1.2 %

Shares of NASDAQ:INTR opened at $6.66 on Tuesday. The company has a market cap of $2.89 billion, a PE ratio of 28.96 and a beta of 1.51. The company’s 50 day moving average is $7.07 and its two-hundred day moving average is $6.30. Inter & Co, Inc. has a 52 week low of $3.52 and a 52 week high of $7.84. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.01.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Inter & Co, Inc. had a return on equity of 7.85% and a net margin of 8.85%. The business had revenue of $283.71 million during the quarter, compared to analysts’ expectations of $264.62 million. Equities analysts predict that Inter & Co, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INTR shares. Citigroup initiated coverage on shares of Inter & Co, Inc. in a report on Tuesday, June 25th. They issued a “buy” rating and a $6.80 price objective on the stock. UBS Group upped their price target on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

Inter & Co, Inc. Profile

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.