The InterGroup (NASDAQ:INTG) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of The InterGroup (NASDAQ:INTG) from a hold rating to a sell rating in a research note published on Wednesday.

The InterGroup Price Performance

INTG remained flat at $14.45 during trading hours on Wednesday. The company had a trading volume of 12,494 shares, compared to its average volume of 6,983. The company’s 50-day moving average price is $15.86 and its 200-day moving average price is $19.10. The InterGroup has a one year low of $13.65 and a one year high of $28.93. The firm has a market capitalization of $31.50 million, a price-to-earnings ratio of -3.29 and a beta of 0.32.

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

Institutional Investors Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC raised its position in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the period. PFG Investments LLC owned about 15.12% of The InterGroup worth $6,825,000 as of its most recent filing with the Securities & Exchange Commission. 3.36% of the stock is 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.