The InterGroup (NASDAQ:INTG) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of The InterGroup Co. (NASDAQ:INTG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.29 and traded as low as $14.15. The InterGroup shares last traded at $14.15, with a volume of 1,148 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on The InterGroup in a research report on Saturday. They issued a “hold” rating on the stock.

The InterGroup Trading Up 3.9 %

The stock has a fifty day moving average price of $13.92 and a two-hundred day moving average price of $15.25.

The InterGroup (NASDAQ:INTG) last posted its quarterly earnings data on Friday, February 14th. The financial services provider reported ($1.26) earnings per share (EPS) for the quarter. The business had revenue of $14.44 million for the quarter.

Insider Buying and Selling at The InterGroup

In other The InterGroup news, Director John C. Love sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $14.25, for a total transaction of $149,411.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 81.90% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC lifted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 15.64% of The InterGroup worth $5,280,000 at the end of the most recent reporting period. 3.36% of the stock is currently owned by hedge funds and other 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.