Jane Street Group LLC lowered its position in shares of Inter & Co, Inc. (NASDAQ:INTR – Free Report) by 79.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,393 shares of the company’s stock after selling 139,490 shares during the quarter. Jane Street Group LLC’s holdings in Inter & Co, Inc. were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of INTR. Atom Investors LP bought a new position in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $71,000. Allspring Global Investments Holdings LLC bought a new position in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $91,000. Walleye Capital LLC bought a new position in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $162,000. The Manufacturers Life Insurance Company bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $163,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $199,000. Institutional investors own 22.90% of the company’s stock.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. lowered their price target on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a report on Friday, December 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $7.30.
Inter & Co, Inc. Trading Up 0.2 %
NASDAQ:INTR opened at $4.26 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.85 billion, a PE ratio of 12.17 and a beta of 1.29. The firm’s 50 day moving average is $4.95 and its 200 day moving average is $6.13. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84.
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.
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