Inter & Co. Inc. (NASDAQ:INTR) Stock Rating Lowered by Wall Street Zen

Inter & Co. Inc. (NASDAQ:INTR) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

INTR has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. UBS Group restated a “buy” rating and set a $12.00 target price on shares of Inter & Co. Inc. in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.67.

Inter & Co. Inc. Stock Down 6.3%

Shares of INTR opened at $7.71 on Friday. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.89. The business’s fifty day moving average price is $8.73 and its two-hundred day moving average price is $8.80. Inter & Co. Inc. has a 52 week low of $4.86 and a 52 week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last released its earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%.The company had revenue of $404.31 million during the quarter, compared to the consensus estimate of $441.78 million. On average, analysts predict that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP increased its holdings in Inter & Co. Inc. by 170.8% in the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock valued at $130,466,000 after purchasing an additional 9,704,435 shares during the last quarter. Marshall Wace LLP boosted its holdings in Inter & Co. Inc. by 62.7% during the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after buying an additional 2,981,210 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Inter & Co. Inc. by 60.6% during the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after buying an additional 2,110,861 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Inter & Co. Inc. during the 3rd quarter worth about $18,930,000. Finally, WCM Investment Management LLC increased its stake in shares of Inter & Co. Inc. by 21.3% in the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after acquiring an additional 1,862,169 shares during the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

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.