The InterGroup (NASDAQ:INTG) Upgraded at StockNews.com

StockNews.com upgraded shares of The InterGroup (NASDAQ:INTG) from a sell rating to a hold rating in a research note released on Thursday morning.

The InterGroup Price Performance

INTG stock opened at $16.40 on Thursday. The firm has a market cap of $35.87 million, a price-to-earnings ratio of -2.29 and a beta of 0.31. The InterGroup has a 1-year low of $13.92 and a 1-year high of $31.41. The firm has a fifty day moving average price of $17.52 and a two-hundred day moving average price of $20.23.

The InterGroup (NASDAQ:INTG) last announced its quarterly earnings data on Monday, September 30th. The financial services provider reported ($1.70) earnings per share for the quarter. The company had revenue of $13.43 million for the quarter.

Institutional Trading of The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC boosted its stake in The InterGroup Co. (NASDAQ:INTG) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,688 shares of the financial services provider’s stock after buying an additional 7,859 shares during the period. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.36% of the company’s stock.

About The InterGroup

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. The company operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. Its hotel consists of guest rooms and luxury suites, a restaurant, a lounge, a private dining room, meeting room space, a gym, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.