Fourth Sail Capital LP acquired a new position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,398,316 shares of the company's stock, valued at approximately $9,313,000. Inter & Co, Inc. accounts for 2.3% of Fourth Sail Capital LP's portfolio, making the stock its 17th biggest holding. Fourth Sail Capital LP owned 0.32% of Inter & Co, Inc. as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of INTR. Sumitomo Mitsui Trust Group Inc. acquired a new position in Inter & Co, Inc. in the third quarter valued at approximately $2,504,000. Asset Management One Co. Ltd. acquired a new position in shares of Inter & Co, Inc. during the third quarter worth about $199,000. Van ECK Associates Corp acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at $741,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at about $91,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $603,000. Hedge funds and other institutional investors own 22.90% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on INTR shares. JPMorgan Chase & Co. upgraded shares of Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $7.50 to $8.50 in a research note on Wednesday, October 9th. UBS Group lifted their price objective on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $7.56.
Read Our Latest Stock Report on INTR
Inter & Co, Inc. Stock Up 0.7 %
Shares of INTR stock traded up $0.04 during trading on Monday, hitting $6.03. 1,129,748 shares of the company were exchanged, compared to its average volume of 1,414,408. Inter & Co, Inc. has a twelve month low of $4.32 and a twelve month high of $7.84. The business's 50-day simple moving average is $6.60 and its 200 day simple moving average is $6.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 17.09 and a beta of 1.52.
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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