The InterGroup (NASDAQ:INTG) Rating Increased to Hold at StockNews.com

The InterGroup (NASDAQ:INTG) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

The InterGroup Price Performance

Shares of The InterGroup stock traded up $0.02 during trading hours on Thursday, reaching $15.24. The company had a trading volume of 9,688 shares, compared to its average volume of 7,754. The firm has a market cap of $33.33 million, a PE ratio of -2.13 and a beta of 0.32. The InterGroup has a one year low of $13.92 and a one year high of $31.41. The business has a fifty day simple moving average of $17.72 and a 200 day simple moving average of $20.30.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC lifted its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 330,688 shares of the financial services provider’s stock after acquiring an additional 7,859 shares during the period. PFG Investments LLC owned approximately 15.12% of The InterGroup worth $6,825,000 as of its most recent SEC filing. 3.36% of the stock is currently owned by institutional investors and hedge funds.

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.