StockNews.com Upgrades The InterGroup (NASDAQ:INTG) to Hold

The InterGroup (NASDAQ:INTG) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

The InterGroup Stock Performance

Shares of The InterGroup stock opened at $13.81 on Friday. The business has a 50-day simple moving average of $14.91 and a 200-day simple moving average of $18.53. The InterGroup has a one year low of $13.10 and a one year high of $28.85. The company has a market cap of $29.97 million, a PE ratio of -3.44 and a beta of 0.32.

The InterGroup (NASDAQ:INTG) last posted its quarterly earnings results on Monday, September 30th. The financial services provider reported ($1.70) EPS for the quarter. The business 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 lifted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 330,688 shares of the financial services provider’s stock after acquiring an additional 7,859 shares during the period. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 at the end of the most recent reporting period. 3.36% of the stock is owned by 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.