86,404 Shares in Inter & Co, Inc. (NASDAQ:INTR) Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. bought a new position in shares of Inter & Co, Inc. (NASDAQ:INTR) in the third quarter, Holdings Channel reports. The firm bought 86,404 shares of the company’s stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTR. Allspring Global Investments Holdings LLC acquired a new stake in shares of Inter & Co, Inc. in the third quarter worth $91,000. The Manufacturers Life Insurance Company acquired a new position in Inter & Co, Inc. during the 3rd quarter worth $163,000. Bayesian Capital Management LP bought a new stake in Inter & Co, Inc. during the first quarter valued at about $180,000. Asset Management One Co. Ltd. acquired a new stake in shares of Inter & Co, Inc. in the third quarter valued at about $199,000. Finally, Squarepoint Ops LLC increased its stake in shares of Inter & Co, Inc. by 46.4% in the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock worth $232,000 after purchasing an additional 11,949 shares during the period. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Trading Down 12.5 %

Shares of INTR opened at $4.62 on Friday. The stock’s 50-day moving average price is $6.26 and its 200 day moving average price is $6.49. 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 firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.20 and a beta of 1.52. Inter & Co, Inc. has a 12-month low of $4.32 and a 12-month high of $7.84.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on INTR. UBS Group increased their target price on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. upgraded shares of Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $7.50 to $8.50 in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $7.56.

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.