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

The InterGroup (NASDAQ:INTG) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

The InterGroup Price Performance

INTG stock opened at $14.34 on Thursday. The InterGroup has a twelve month low of $13.65 and a twelve month high of $28.85. The stock has a market capitalization of $31.25 million, a price-to-earnings ratio of -3.58 and a beta of 0.32. The firm’s fifty day simple moving average is $15.35 and its two-hundred day simple moving average is $18.78.

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 Inflows and Outflows

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its position in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after acquiring an additional 11,302 shares during the period. PFG Investments LLC owned 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 3.36% of the company’s stock.

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.