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 report issued on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Stock Down 0.9 %

INTG stock opened at $14.05 on Friday. The InterGroup has a twelve month low of $13.10 and a twelve month high of $26.68. The firm has a market capitalization of $30.46 million, a PE ratio of -3.50 and a beta of 0.28. The stock has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $17.33.

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

Institutional Investors Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC grew its position in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the quarter. PFG Investments LLC owned approximately 15.64% of The InterGroup worth $5,280,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.36% of the company’s stock.

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.