Quantbot Technologies LP Has $1.40 Million Stake in Inter & Co, Inc. (NASDAQ:INTR)

Quantbot Technologies LP raised its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 1,011.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,090 shares of the company's stock after purchasing an additional 191,186 shares during the period. Quantbot Technologies LP's holdings in Inter & Co, Inc. were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of INTR. Allspring Global Investments Holdings LLC acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth $91,000. The Manufacturers Life Insurance Company acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth about $163,000. Asset Management One Co. Ltd. acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth about $199,000. Bayesian Capital Management LP bought a new stake in shares of Inter & Co, Inc. in the 1st quarter valued at about $180,000. Finally, Squarepoint Ops LLC raised its position in shares of Inter & Co, Inc. by 46.4% in 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 during the period. Institutional investors own 22.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INTR. JPMorgan Chase & Co. upgraded shares of Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $7.50 to $8.50 in a report on Wednesday, October 9th. UBS Group lifted their price target on shares of Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Inter & Co, Inc. presently has a consensus rating of "Buy" and a consensus price target of $7.56.

Inter & Co, Inc. Stock Down 12.5 %

Shares of INTR traded down $0.66 on Friday, hitting $4.62. The company's stock had a trading volume of 5,667,381 shares, compared to its average volume of 1,463,654. The firm's fifty day moving average price is $6.26 and its 200-day moving average price is $6.50. Inter & Co, Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $7.84. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.20 and a beta of 1.52.

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.