The InterGroup (NASDAQ:INTG) Upgraded to Hold 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 Friday morning.

The InterGroup Trading Down 1.2 %

Shares of NASDAQ:INTG opened at $13.81 on Friday. The company has a market cap of $29.97 million, a price-to-earnings ratio of -3.41 and a beta of 0.32. The InterGroup has a 12 month low of $13.10 and a 12 month high of $28.85. The company has a 50-day moving average price of $14.99 and a 200-day moving average price of $18.57.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC grew its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the period. PFG Investments LLC owned approximately 15.12% of The InterGroup worth $6,825,000 as of its most recent SEC filing. 3.36% of the stock is owned by hedge funds and other institutional investors.

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.