StockNews.com Downgrades The InterGroup (NASDAQ:INTG) to Sell

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

The InterGroup Stock Performance

Shares of INTG stock opened at $14.19 on Wednesday. The stock has a fifty day moving average price of $15.79 and a 200 day moving average price of $19.06. The stock has a market cap of $30.92 million, a PE ratio of -3.23 and a beta of 0.32. The InterGroup has a 1 year low of $13.65 and a 1 year high of $28.93.

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

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC grew its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the quarter. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 at the end of the most recent quarter. 3.36% of the stock is currently owned by hedge funds and other institutional investors.

About The InterGroup

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.