WCM Investment Management LLC Decreases Stock Position in Inter & Co, Inc. (NASDAQ:INTR)

WCM Investment Management LLC cut its position in Inter & Co, Inc. (NASDAQ:INTR) by 14.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,560,809 shares of the company’s stock after selling 440,199 shares during the period. WCM Investment Management LLC’s holdings in Inter & Co, Inc. were worth $17,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at approximately $603,000. Samlyn Capital LLC raised its holdings in Inter & Co, Inc. by 4.1% during the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after acquiring an additional 196,355 shares during the period. Millennium Management LLC raised its holdings in Inter & Co, Inc. by 70.7% during the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after acquiring an additional 1,868,527 shares during the period. Bank of Montreal Can purchased a new stake in shares of Inter & Co, Inc. during the second quarter worth $1,954,000. Finally, Marshall Wace LLP boosted its holdings in shares of Inter & Co, Inc. by 152.9% in the second quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after acquiring an additional 1,396,317 shares during the period. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTR. JPMorgan Chase & Co. upgraded Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $7.50 to $8.50 in a research note on Wednesday, October 9th. UBS Group upped their price target on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $7.56.

Inter & Co, Inc. Trading Down 3.6 %

Shares of INTR stock opened at $6.18 on Tuesday. The company has a market capitalization of $2.68 billion, a PE ratio of 20.60 and a beta of 1.52. Inter & Co, Inc. has a 52-week low of $4.32 and a 52-week high of $7.84. The business’s fifty day moving average is $6.73 and its 200 day moving average is $6.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.91 and a current ratio of 0.91.

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.