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

Equities researchers at StockNews.com initiated coverage on shares of The InterGroup (NASDAQ:INTG) in a research note issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Stock Up 0.7 %

Shares of The InterGroup stock opened at $12.30 on Tuesday. The firm has a market cap of $26.51 million, a PE ratio of -2.69 and a beta of 0.29. The InterGroup has a 12-month low of $10.70 and a 12-month high of $25.30. The company’s fifty day simple moving average is $13.42 and its two-hundred day simple moving average is $14.58.

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

Insider Activity

In related news, Director John C. Love sold 10,485 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $14.25, for a total value of $149,411.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 81.90% of the company’s stock.

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 343,949 shares of the financial services provider’s stock after purchasing an additional 1,959 shares during the period. PFG Investments LLC owned approximately 15.85% of The InterGroup worth $4,908,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.