The InterGroup (NASDAQ:INTG) Coverage Initiated at StockNews.com

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

The InterGroup Price Performance

Shares of INTG opened at $12.79 on Thursday. The firm has a 50-day simple moving average of $13.01 and a two-hundred day simple moving average of $14.13. The stock has a market cap of $27.56 million, a PE ratio of -2.79 and a beta of 0.29. The InterGroup has a 1-year low of $10.70 and a 1-year high of $25.08.

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

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 343,949 shares of the financial services provider’s stock after buying an additional 1,959 shares during the quarter. PFG Investments LLC owned 15.85% of The InterGroup worth $4,908,000 as of its most recent SEC filing. 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.