Fourth Sail Capital LP Makes New $9.16 Million Investment in Inter & Co, Inc. (NASDAQ:INTR)

Fourth Sail Capital LP acquired a new stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,603,303 shares of the company's stock, valued at approximately $9,155,000. Inter & Co, Inc. accounts for 2.7% of Fourth Sail Capital LP's investment portfolio, making the stock its 14th largest position. Fourth Sail Capital LP owned 0.37% of Inter & Co, Inc. as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SPX Gestao de Recursos Ltda increased its holdings in shares of Inter & Co, Inc. by 171.0% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 362,162 shares of the company's stock worth $2,014,000 after buying an additional 228,528 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in Inter & Co, Inc. during the fourth quarter worth about $550,000. Quadrature Capital Ltd raised its holdings in shares of Inter & Co, Inc. by 496.8% in the 4th quarter. Quadrature Capital Ltd now owns 69,518 shares of the company's stock worth $387,000 after purchasing an additional 57,870 shares during the period. Finally, Jump Financial LLC lifted its stake in shares of Inter & Co, Inc. by 301.9% in the 4th quarter. Jump Financial LLC now owns 41,800 shares of the company's stock valued at $232,000 after purchasing an additional 31,400 shares in the last quarter. Hedge funds and other institutional investors own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTR. Itau BBA Securities raised shares of Inter & Co, Inc. from a "market perform" rating to an "outperform" rating and set a $8.00 target price for the company in a research report on Tuesday, May 21st. Citigroup started coverage on shares of Inter & Co, Inc. in a research report on Tuesday. They issued a "buy" rating and a $6.80 price objective for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Inter & Co, Inc. has a consensus rating of "Moderate Buy" and an average target price of $5.96.

View Our Latest Stock Report on INTR

Inter & Co, Inc. Stock Performance

Shares of NASDAQ INTR traded up $0.17 during trading on Tuesday, reaching $6.07. The stock had a trading volume of 1,075,539 shares, compared to its average volume of 1,169,555. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $2.64 billion, a PE ratio of 26.26 and a beta of 1.53. Inter & Co, Inc. has a one year low of $2.85 and a one year high of $6.78. The firm's 50 day moving average price is $5.75 and its two-hundred day moving average price is $5.57.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Inter & Co, Inc. had a net margin of 7.38% and a return on equity of 6.16%. The firm had revenue of $332.84 million during the quarter. During the same quarter in the previous year, the firm earned $0.01 EPS. On average, research analysts forecast that Inter & Co, Inc. will post 0.38 earnings per share for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, April 15th. Inter & Co, Inc.'s dividend payout ratio is currently 13.04%.

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.

Recommended Stories

• Five stocks we like better than Inter & Co, Inc.
• Why Understanding Call Option Volume is Essential to Successful Options Trading
• Chipotle Mexican Grill Stock Split: Where Does it Go From Here?
• Consumer Staples Stocks, Explained
• Arm Holdings and Micron: Top 2 AI Stocks to Buy and Hold
• 3 Grocery Stocks That Are Proving They Are Still Essential
• Best Buy Stock May Be Best Bought Before the Holiday Season

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ Did Jeff Bezos Just Make the AI Apocalypse Worse? (From InvestorPlace) (Ad)

Should you invest $1,000 in Inter & Co, Inc. right now?

Before you consider Inter & Co, Inc., you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inter & Co, Inc. wasn't on the list.

While Inter & Co, Inc. currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here