GMT Capital Corp Invests $1.79 Million in CI&T Inc. $CINT

GMT Capital Corp purchased a new position in CI&T Inc. (NYSE:CINT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 438,942 shares of the company’s stock, valued at approximately $1,786,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp lifted its stake in shares of CI&T by 6.4% in the fourth quarter. State Street Corp now owns 62,242 shares of the company’s stock worth $253,000 after buying an additional 3,719 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of CI&T by 45.7% in the fourth quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock worth $65,000 after buying an additional 4,983 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of CI&T by 50.6% in the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock worth $69,000 after buying an additional 5,700 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after buying an additional 7,456 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of CI&T by 41.3% in the fourth quarter. Jane Street Group LLC now owns 38,497 shares of the company’s stock worth $157,000 after buying an additional 11,248 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CINT has been the topic of several research reports. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday. Wedbush cut their price objective on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Canaccord Genuity Group raised their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. UBS Group raised their price objective on shares of CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, CI&T currently has a consensus rating of “Moderate Buy” and an average target price of $6.80.

CI&T Price Performance

CI&T stock opened at $4.06 on Friday. CI&T Inc. has a 12-month low of $3.16 and a 12-month high of $6.11. The stock has a market cap of $546.93 million, a P/E ratio of 13.11 and a beta of 0.80. The company has a 50-day moving average price of $4.11 and a 200 day moving average price of $4.56. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18.

CI&T (NYSE:CINT) last released its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). CI&T had a return on equity of 13.19% and a net margin of 7.90%.The firm had revenue of $136.61 million for the quarter, compared to analyst estimates of $133.28 million. Sell-side analysts anticipate that CI&T Inc. will post 0.36 earnings per share for the current year.

CI&T Profile

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.