Van ECK Associates Corp bought a new position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 116,134 shares of the company's stock, valued at approximately $741,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTR. Allspring Global Investments Holdings LLC purchased a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $91,000. Bayesian Capital Management LP purchased a new stake in Inter & Co, Inc. during the first quarter worth $180,000. Squarepoint Ops LLC boosted its position in Inter & Co, Inc. by 46.4% during the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company's stock valued at $232,000 after acquiring an additional 11,949 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Inter & Co, Inc. in the 1st quarter valued at $346,000. Finally, Quadrature Capital Ltd increased its holdings in shares of Inter & Co, Inc. by 46.6% in the 1st quarter. Quadrature Capital Ltd now owns 101,888 shares of the company's stock valued at $583,000 after acquiring an additional 32,370 shares during the period. 22.90% of the stock is currently owned by institutional investors.
Inter & Co, Inc. Stock Down 1.1 %
Shares of Inter & Co, Inc. stock traded down $0.07 during trading on Tuesday, reaching $6.11. The company's stock had a trading volume of 276,013 shares, compared to its average volume of 1,409,689. Inter & Co, Inc. has a 1-year low of $4.32 and a 1-year high of $7.84. The company has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $6.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 20.40 and a beta of 1.52.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on INTR shares. JPMorgan Chase & Co. upgraded Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $7.50 to $8.50 in a research note on Wednesday, October 9th. UBS Group increased their price target on shares of Inter & Co, Inc. from $6.50 to $8.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $7.56.
Read Our Latest Stock Report on INTR
About Inter & Co, Inc.
(
Free Report)
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.
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