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

StockNews.com upgraded shares of The InterGroup (NASDAQ:INTG) from a sell rating to a hold rating in a research note released on Friday.

The InterGroup Stock Performance

Shares of NASDAQ INTG opened at $13.84 on Friday. The stock’s 50-day simple moving average is $14.91 and its 200-day simple moving average is $18.51. The firm has a market capitalization of $30.03 million, a PE ratio of -3.45 and a beta of 0.32. The InterGroup has a fifty-two week low of $13.10 and a fifty-two week high of $28.85.

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

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC lifted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and 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 at the end of the most recent reporting period. 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.