Inter & Co, Inc. (NASDAQ:INTR) Hits New 12-Month Low – Here’s Why

Shares of Inter & Co, Inc. (NASDAQ:INTR) hit a new 52-week low during trading on Wednesday . The company traded as low as $4.27 and last traded at $4.27, with a volume of 99073 shares traded. The stock had previously closed at $4.39.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price objective on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $7.30.

Inter & Co, Inc. Stock Down 3.9 %

The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 12.54 and a beta of 1.24. The business has a fifty day simple moving average of $5.78 and a two-hundred day simple moving average of $6.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01.

Institutional Trading of Inter & Co, Inc.

Large investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in shares of Inter & Co, Inc. in the 2nd quarter valued at $1,954,000. Samlyn Capital LLC boosted its position in Inter & Co, Inc. by 4.1% in the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after buying an additional 196,355 shares in the last quarter. Marshall Wace LLP grew its stake in Inter & Co, Inc. by 152.9% during the second 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. Squarepoint Ops LLC increased its holdings in shares of Inter & Co, Inc. by 46.4% during the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock worth $232,000 after buying an additional 11,949 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Inter & Co, Inc. by 70.7% during the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock worth $27,751,000 after buying an additional 1,868,527 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors.

About Inter & Co, Inc.

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.