Inter & Co, Inc. (NASDAQ:INTR) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of Inter & Co, Inc. (NASDAQ:INTR) by 1,011.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 210,090 shares of the company’s stock after acquiring 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 (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in INTR. Bayesian Capital Management LP bought a new position in Inter & Co, Inc. during the 1st quarter worth $180,000. Virtu Financial LLC bought a new position in Inter & Co, Inc. during the 1st quarter worth $346,000. Bank of Montreal Can bought a new position in Inter & Co, Inc. during the 2nd quarter worth $1,954,000. Samlyn Capital LLC grew its stake in Inter & Co, Inc. by 4.1% during the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock worth $30,713,000 after buying an additional 196,355 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after buying an additional 1,396,317 shares during the last quarter. 22.90% of the stock is currently owned by institutional investors.

Inter & Co, Inc. Trading Down 12.5 %

Shares of Inter & Co, Inc. stock opened at $4.62 on Friday. 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 cap of $2.01 billion, a price-to-earnings ratio of 13.20 and a beta of 1.52. The business has a fifty day simple moving average of $6.26 and a 200-day simple moving average of $6.49. Inter & Co, Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $7.84.

Analyst Ratings Changes

INTR has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $7.50 to $8.50 in a research note on Wednesday, October 9th. UBS Group increased their price target on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $7.56.

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.