The InterGroup (NASDAQ:INTG) Downgraded by StockNews.com to “Sell”

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

The InterGroup Price Performance

INTG remained flat at $14.34 during trading hours on Thursday. The company had a trading volume of 258 shares, compared to its average volume of 6,344. The InterGroup has a 12-month low of $13.65 and a 12-month high of $28.85. The business’s fifty day moving average is $15.42 and its 200-day moving average is $18.83.

The InterGroup (NASDAQ:INTG) last issued its earnings results on Monday, September 30th. The financial services provider reported ($1.70) EPS for the quarter. The firm had revenue of $13.43 million during the quarter.

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its position in The InterGroup Co. (NASDAQ:INTG) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund 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 about 15.12% of The InterGroup worth $6,825,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.