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

Quantbot Technologies LP grew its position in Inter & Co, Inc. (NASDAQ:INTR) by 1,011.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at about $91,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at about $163,000. Bayesian Capital Management LP purchased a new stake in shares of Inter & Co, Inc. during the 1st quarter valued at about $180,000. Asset Management One Co. Ltd. purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at about $199,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Inter & Co, Inc. by 46.4% during the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock valued at $232,000 after buying an additional 11,949 shares during the period. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co, Inc. Stock Performance

INTR stock opened at $4.62 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.01 billion, a P/E ratio of 13.20 and a beta of 1.52. Inter & Co, Inc. has a 12-month low of $4.32 and a 12-month high of $7.84. The stock’s 50 day simple moving average is $6.26 and its 200 day simple moving average is $6.49.

Wall Street Analysts Forecast Growth

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

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.