ABS Direct Equity Fund LLC Makes New $4.63 Million Investment in Inter & Co. Inc. $INTR

ABS Direct Equity Fund LLC purchased a new stake in Inter & Co. Inc. (NASDAQ:INTR) during the first quarter, Holdings Channel.com reports. The firm purchased 581,700 shares of the company’s stock, valued at approximately $4,630,000. Inter & Co. Inc. comprises 3.6% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wasatch Advisors LP raised its position in shares of Inter & Co. Inc. by 170.8% in the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after acquiring an additional 9,704,435 shares in the last quarter. Samlyn Capital LLC raised its holdings in Inter & Co. Inc. by 19.9% in the third quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock worth $78,600,000 after purchasing an additional 1,415,601 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Inter & Co. Inc. by 62.7% during the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock valued at $65,588,000 after buying an additional 2,981,210 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. lifted its position in shares of Inter & Co. Inc. by 6.0% during the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,253,452 shares of the company’s stock valued at $53,029,000 after buying an additional 356,671 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Inter & Co. Inc. by 60.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock valued at $47,447,000 after buying an additional 2,110,861 shares during the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTR has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Citigroup cut shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their target price for the company from $12.00 to $6.50 in a research report on Monday, May 18th. JPMorgan Chase & Co. lowered their target price on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, UBS Group cut their price target on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.28.

Inter & Co. Inc. Stock Performance

Shares of INTR stock opened at $5.29 on Monday. The business has a fifty day moving average of $5.71 and a 200 day moving average of $7.40. Inter & Co. Inc. has a 1 year low of $5.16 and a 1 year high of $10.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $437.95 million for the quarter, compared to the consensus estimate of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. As a group, research analysts expect that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Inter & Co. Inc. 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.