The InterGroup (NASDAQ:INTG) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of The InterGroup (NASDAQ:INTG) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Stock Down 0.5 %

NASDAQ INTG opened at $14.20 on Friday. The stock has a market cap of $30.79 million, a P/E ratio of -3.54 and a beta of 0.28. The InterGroup has a twelve month low of $13.10 and a twelve month high of $26.68. The company’s 50-day simple moving average is $14.19 and its 200 day simple moving average is $17.05.

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

Insiders Place Their Bets

In other The InterGroup news, Director John C. Love sold 10,485 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $14.25, for a total value of $149,411.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 81.90% of the company’s stock.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its holdings 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 firm 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 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.36% of the company’s stock.

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.