Schonfeld Strategic Advisors LLC Acquires Shares of 31,200 Inter & Co, Inc. (NASDAQ:INTR)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Inter & Co, Inc. (NASDAQ:INTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,200 shares of the company’s stock, valued at approximately $132,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in shares of Inter & Co, Inc. during the 4th quarter worth $105,000. Swedbank AB bought a new position in Inter & Co, Inc. during the fourth quarter worth about $7,826,000. WCM Investment Management LLC boosted its position in Inter & Co, Inc. by 29.0% during the fourth quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company’s stock worth $13,842,000 after purchasing an additional 742,769 shares during the period. Savant Capital LLC bought a new position in Inter & Co, Inc. during the fourth quarter worth about $42,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after purchasing an additional 2,399 shares during the period. 22.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTR has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a report on Friday, January 24th. Morgan Stanley cut their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a report on Monday, March 17th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.78.

Inter & Co, Inc. Price Performance

INTR stock opened at $7.07 on Thursday. The firm has a 50 day moving average of $5.90 and a 200-day moving average of $5.39. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The firm has a market capitalization of $3.11 billion, a P/E ratio of 18.13 and a beta of 1.18.

Inter & Co, Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. The firm had revenue of $323.40 million during the quarter, compared to the consensus estimate of $1.89 billion. As a group, sell-side analysts predict that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.