SPX Gestao de Recursos Ltda Decreases Stake in Inter & Co, Inc. (NASDAQ:INTR)

SPX Gestao de Recursos Ltda lowered its position in Inter & Co, Inc. (NASDAQ:INTR) by 64.9% during the third quarter, HoldingsChannel reports. The firm owned 883,964 shares of the company’s stock after selling 1,635,142 shares during the period. Inter & Co, Inc. comprises 0.8% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 27th biggest position. SPX Gestao de Recursos Ltda’s holdings in Inter & Co, Inc. were worth $5,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atom Investors LP purchased a new position in Inter & Co, Inc. in the 3rd quarter valued at $71,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth $91,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth $103,000. Walleye Capital LLC acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth $162,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth $163,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Trading Up 3.8 %

Shares of NASDAQ:INTR traded up $0.17 during midday trading on Friday, reaching $4.68. 404,227 shares of the company’s stock were exchanged, compared to its average volume of 1,499,931. The firm’s 50 day simple moving average is $5.88 and its two-hundred day simple moving average is $6.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 12.89 and a beta of 1.24. Inter & Co, Inc. has a fifty-two week low of $4.27 and a fifty-two week high of $7.84.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $7.30.

Inter & Co, Inc. Company 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.