WCM Investment Management LLC Acquires 742,769 Shares of Inter & Co, Inc. (NASDAQ:INTR)

WCM Investment Management LLC increased its holdings in Inter & Co, Inc. (NASDAQ:INTR) by 29.0% in the 4th quarter, Holdings Channel reports. The fund owned 3,303,578 shares of the company’s stock after buying an additional 742,769 shares during the quarter. WCM Investment Management LLC’s holdings in Inter & Co, Inc. were worth $13,842,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Atom Investors LP bought a new position in shares of Inter & Co, Inc. during the third quarter valued at approximately $71,000. Squarepoint Ops LLC grew its stake in shares of Inter & Co, Inc. by 46.4% in the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock worth $232,000 after buying an additional 11,949 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Inter & Co, Inc. during the 3rd quarter valued at approximately $91,000. Public Employees Retirement System of Ohio purchased a new position in Inter & Co, Inc. during the third quarter valued at $103,000. Finally, Walleye Capital LLC bought a new stake in Inter & Co, Inc. in the third quarter worth $162,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co, Inc. Price Performance

Shares of NASDAQ INTR opened at $5.32 on Monday. The firm has a market cap of $2.31 billion, a P/E ratio of 13.64 and a beta of 1.32. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $4.58 and a 200 day moving average of $5.93.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.10% and a net margin of 11.74%. As a group, research analysts expect that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a report on Friday, January 24th.

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.