Fourth Sail Capital LP Invests $9.31 Million in Inter & Co, Inc. (NASDAQ:INTR)

Fourth Sail Capital LP purchased a new stake in shares of Inter & Co, Inc. (NASDAQ:INTR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,398,316 shares of the company’s stock, valued at approximately $9,313,000. Inter & Co, Inc. accounts for approximately 2.3% of Fourth Sail Capital LP’s holdings, making the stock its 17th biggest position. Fourth Sail Capital LP owned about 0.32% of Inter & Co, Inc. as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of INTR. Squarepoint Ops LLC grew its holdings in Inter & Co, Inc. by 46.4% in the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock worth $232,000 after purchasing an additional 11,949 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Inter & Co, Inc. during the 3rd quarter valued at approximately $91,000. Asset Management One Co. Ltd. purchased a new position in Inter & Co, Inc. during the third quarter valued at $199,000. Bayesian Capital Management LP purchased a new position in Inter & Co, Inc. during the first quarter valued at $180,000. Finally, Quadrature Capital Ltd boosted its holdings in Inter & Co, Inc. by 46.6% in the first quarter. Quadrature Capital Ltd now owns 101,888 shares of the company’s stock worth $583,000 after acquiring an additional 32,370 shares in the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on INTR shares. UBS Group upped 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 note on Friday, August 9th. JPMorgan Chase & Co. upgraded shares of Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and increased their price target for the company from $7.50 to $8.50 in a report on Wednesday, October 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Inter & Co, Inc. presently has an average rating of “Buy” and an average target price of $7.56.

Inter & Co, Inc. Stock Performance

Shares of INTR stock opened at $5.99 on Monday. 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 50 day moving average price of $6.60 and a 200-day moving average price of $6.50. Inter & Co, Inc. has a 52 week low of $4.32 and a 52 week high of $7.84. The firm has a market capitalization of $2.60 billion, a PE ratio of 17.11 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.