Handelsbanken Fonder AB Sells 40,000 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Handelsbanken Fonder AB lowered its stake in shares of Inter & Co, Inc. (NASDAQ:INTR) by 27.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,500 shares of the company’s stock after selling 40,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Inter & Co, Inc. were worth $573,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Inter & Co, Inc. during the 4th quarter valued at $190,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Inter & Co, Inc. by 37.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,009,090 shares of the company’s stock worth $4,258,000 after purchasing an additional 277,329 shares during the period. Voloridge Investment Management LLC acquired a new stake in Inter & Co, Inc. during the fourth quarter worth about $377,000. Two Sigma Advisers LP bought a new position in Inter & Co, Inc. in the 4th quarter valued at about $93,000. Finally, Two Sigma Investments LP raised its position in shares of Inter & Co, Inc. by 14.9% in the 4th quarter. Two Sigma Investments LP now owns 472,799 shares of the company’s stock valued at $1,995,000 after buying an additional 61,291 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley decreased their price objective on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Monday, March 17th.

Inter & Co, Inc. Stock Performance

Inter & Co, Inc. stock opened at $7.06 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.10 billion, a PE ratio of 18.10 and a beta of 1.16. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84. The business’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $5.53.

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

About Inter & Co, Inc.

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.