The InterGroup (NASDAQ:INTG) Cut to Sell at StockNews.com

StockNews.com cut shares of The InterGroup (NASDAQ:INTG) from a hold rating to a sell rating in a research report released on Thursday morning.

The InterGroup Stock Performance

Shares of The InterGroup stock opened at $14.34 on Thursday. The stock’s 50-day moving average is $15.35 and its 200 day moving average is $18.77. The InterGroup has a one year low of $13.65 and a one year high of $28.85.

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

Institutional Investors Weigh In On The InterGroup

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 3.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the period. PFG Investments LLC owned about 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the SEC. 3.36% of the stock is currently 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.