The InterGroup (NASDAQ:INTG) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of The InterGroup (NASDAQ:INTG) in a report released on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.

The InterGroup Price Performance

Shares of INTG stock opened at $14.05 on Friday. The company has a market cap of $30.46 million, a PE ratio of -3.50 and a beta of 0.28. The InterGroup has a 1 year low of $13.10 and a 1 year high of $26.68. The stock’s 50 day simple moving average is $14.31 and its two-hundred day simple moving average is $17.40.

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 company had revenue of $13.43 million during the quarter.

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the period. PFG Investments LLC owned about 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 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.