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

Investment analysts at StockNews.com began coverage on shares of The InterGroup (NASDAQ:INTG) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

The InterGroup Trading Down 0.3 %

Shares of INTG stock opened at $14.06 on Friday. The stock has a market cap of $30.48 million, a P/E ratio of -3.51 and a beta of 0.28. The InterGroup has a 1 year low of $13.10 and a 1 year high of $26.68. The stock has a 50 day simple moving average of $14.41 and a 200 day simple moving average of $17.66.

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

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC increased its position in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,990 shares of the financial services provider’s stock after acquiring 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 Securities and Exchange Commission. 3.36% of the stock is owned by institutional investors.

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.