WCM Investment Management LLC Sells 609,879 Shares of Inter & Co. Inc. $INTR

WCM Investment Management LLC trimmed its stake in shares of Inter & Co. Inc. (NASDAQ:INTR) by 5.5% during the first quarter, Holdings Channel reports. The firm owned 10,439,629 shares of the company’s stock after selling 609,879 shares during the period. WCM Investment Management LLC’s holdings in Inter & Co. Inc. were worth $79,863,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Wasatch Advisors LP grew its stake in shares of Inter & Co. Inc. by 170.8% in the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock valued at $130,466,000 after purchasing an additional 9,704,435 shares during the period. SPX Gestao de Recursos Ltda lifted its position in shares of Inter & Co. Inc. by 1,059.2% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after buying an additional 3,676,696 shares during the period. Marshall Wace LLP lifted its position in shares of Inter & Co. Inc. by 62.7% during the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after buying an additional 2,981,210 shares during the period. William Blair Investment Management LLC boosted its stake in Inter & Co. Inc. by 60.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock valued at $47,447,000 after buying an additional 2,110,861 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Inter & Co. Inc. by 10,681.6% in the 2nd quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock valued at $12,505,000 after buying an additional 1,667,402 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Price Performance

Shares of INTR opened at $5.37 on Monday. The company has a market capitalization of $2.37 billion, a P/E ratio of 8.95, a PEG ratio of 0.22 and a beta of 0.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. Inter & Co. Inc. has a one year low of $5.16 and a one year high of $10.36. The business’s 50 day simple moving average is $5.76 and its 200-day simple moving average is $7.51.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%.The business had revenue of $437.95 million for the quarter, compared to analyst estimates of $495.33 million. As a group, sell-side analysts predict that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on INTR. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. cut their price objective on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. The Goldman Sachs Group reduced their target price on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Citigroup lowered shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $12.00 to $6.50 in a report on Monday, May 18th. Finally, UBS Group dropped their target price on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Inter & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $9.28.

Inter & Co. Inc. Company 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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.