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

Research analysts at StockNews.com assumed coverage on shares of The InterGroup (NASDAQ:INTG) in a note issued to investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Stock Down 0.7 %

The InterGroup stock opened at $12.20 on Wednesday. The business has a fifty day moving average of $13.18 and a two-hundred day moving average of $14.36. The firm has a market cap of $26.29 million, a P/E ratio of -2.66 and a beta of 0.29. The InterGroup has a twelve month low of $10.70 and a twelve month 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 business had revenue of $14.44 million during the quarter.

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC grew its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,949 shares of the financial services provider’s stock after purchasing an additional 1,959 shares during the period. PFG Investments LLC owned approximately 15.85% of The InterGroup worth $4,908,000 at the end of the most recent quarter. 3.36% of the stock is owned by institutional investors and hedge funds.

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.