Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda lowered its stake in shares of Inter & Co, Inc. (NASDAQ:INTR) by 64.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 883,964 shares of the company’s stock after selling 1,635,142 shares during the quarter. Inter & Co, Inc. comprises approximately 0.8% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 27th largest holding. SPX Gestao de Recursos Ltda owned about 0.20% of Inter & Co, Inc. worth $5,887,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Atom Investors LP acquired a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $71,000. Allspring Global Investments Holdings LLC acquired a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $91,000. Public Employees Retirement System of Ohio acquired a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $103,000. Walleye Capital LLC acquired a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $162,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $163,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Inter & Co, Inc. Price Performance

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

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.