StockNews.com Initiates Coverage on The InterGroup (NASDAQ:INTG)

StockNews.com began coverage on shares of The InterGroup (NASDAQ:INTG) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

The InterGroup Price Performance

Shares of INTG stock opened at $12.64 on Friday. The company’s fifty day moving average price is $13.84 and its two-hundred day moving average price is $15.01. The firm has a market capitalization of $27.31 million, a P/E ratio of -2.76 and a beta of 0.25. The InterGroup has a 12 month low of $11.75 and a 12 month high of $25.30.

The InterGroup (NASDAQ:INTG) last released its earnings results on Friday, February 14th. The financial services provider reported ($1.26) earnings per share for the quarter. The firm had revenue of $14.44 million for the quarter.

Insider Transactions at The InterGroup

In other news, Director John C. Love sold 10,485 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $14.25, for a total value of $149,411.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 81.90% of the company’s stock.

Institutional Investors Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC lifted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 343,949 shares of the financial services provider’s stock after buying an additional 1,959 shares during the period. PFG Investments LLC owned 15.85% of The InterGroup worth $4,908,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.36% of the company’s stock.

The InterGroup Company Profile

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.