The InterGroup (NASDAQ:INTG) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of The InterGroup (NASDAQ:INTG) from a hold rating to a sell rating in a research note published on Wednesday morning.

The InterGroup Price Performance

NASDAQ:INTG remained flat at $14.45 during trading hours on Wednesday. The company’s stock had a trading volume of 12,494 shares, compared to its average volume of 6,983. The InterGroup has a 1-year low of $13.65 and a 1-year high of $28.93. The company’s 50 day moving average price is $15.86 and its 200 day moving average price is $19.10. The company has a market capitalization of $31.50 million, a PE ratio of -3.29 and a beta of 0.32.

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

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC lifted its stake in The InterGroup Co. (NASDAQ:INTG) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the quarter. PFG Investments LLC owned about 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.