Banco BTG Pactual SA has recently announced that it has increased stake in Inter & Co Inc. (NASDAQ:INTR) by 38.66%. After grabbing 4.7 million shares, the institutional investor is now in possession of 1.31 million shares of the Financial Company. The new investment brought the stake of investor firm to 1.65% having worth around $8.23 million. Moreover, Morgan Stanley Uruguay Ltda. increased its share by 69373.0 to have a control over 2.45 million shares. And Phoenician Capital LLC raised its holdings to 0.3 million shares by acquiring 1.84 million shares or 0.65% of the stake.
Inter & Co Inc. (INTR) concluded trading on 05/25/23 at a closing price of $2.46, with 2.08 million shares of worth about $5.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.81% during that period and on Thursday the price saw a gain of about 7.42%. Currently the company’s common shares owned by public are about 403.77M shares, out of which, 203.19M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 13 analysts are covering the INTR stock and their offered price forecasts bring an average price target of $3.14. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.50 and could fall to a lowest price of $2.50. The stock’s current price level is 30.31% above of average price target set by the analysts, while a rise to estimated low would result in gain of 1.6% for the stock. However, touching the estimated high of $4.50 would mean a gain of 45.33% for the stock.
Government Pension Fund – Global, BlackRock Global Funds – World Fi, and BlackRock Global Funds – FinTech are the top 3 mutual funds which are holding stakes in Inter & Co Inc. Government Pension Fund – Global is currently holding 2.45 million shares of worth totaling $4.29 million. The company recently came buying 2.45 million shares which brought its stake up to 0.86% of the company’s outstanding shares. BlackRock Global Funds – World Fi sold 65084.0 shares, after which its hold over company’s outstanding shares shrunk to 0.54%, leaving 1.52 million shares with the mutual fund that have a worth of about $2.67 million. BlackRock Global Funds – FinTech, after selling 1.42 million shares, have now control over 0.50% of the stake in the company. It holds 17199.0 shares of worth $2.49 million.
Inter & Co Inc. (NASDAQ: INTR) started trading at $2.41, above $0.12 from concluding price of the previous day. Stock saw a price change of -2.38% in past 5 days and over the past one month there was a price change of 52.80%. Over the period of past 52 weeks, stock dropped to lowest price of $1.37 but also hit the highest price of $4.63 during that period. The average intraday trading volume for Inter & Co Inc. shares is 354.49K. The stock is currently trading 17.96% above its 20-day simple moving average (SMA20), while that difference is up 33.72% for SMA50 and it goes to -3.28% lower than SMA200.
Banco BTG Pactual SA acquired 4.7 million shares of Inter & Co Inc. having value of about $8.23 million. Data submitted at the U.S SEC by Banco BTG Pactual SA revealed that the firm now holds 1.31 million shares in the company valued at close to $3225271.56, or have control over 38.66% stake in the company. Inter & Co Inc. (NASDAQ: INTR) currently have 403.77M outstanding shares and institutions hold larger chunk of about 7.70% of that. Holding of mutual funds in the company is about 2.47% while other institutional holders and individual stake holders have control over 3.35% and — of the stake respectively.
The stock has a current market capitalization of $1.04B. It has posted earnings per share of -$0.00 in the same period. It has a debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INTR, volatility over the week remained 7.57% while standing at 7.68% over the month.
Analysts are in expectations that Inter & Co Inc. (INTR) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.29 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 91.30% while it is estimated to increase by 123.95% in next year.
Analysts at 13 brokerage firms have issued recommendations for the Inter & Co Inc. (INTR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 13 Wall Street analysts, 8 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
