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

Research analysts at StockNews.com initiated coverage on shares of The InterGroup (NASDAQ:INTG) in a report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Trading Up 1.9 %

Shares of The InterGroup stock opened at $13.91 on Thursday. The InterGroup has a twelve month low of $11.75 and a twelve month high of $25.30. The firm has a market capitalization of $30.18 million, a PE ratio of -3.47 and a beta of 0.26. The firm’s 50-day moving average price is $13.95 and its 200 day moving average price is $15.87.

Insider Buying and Selling

In other news, Director John C. Love sold 10,485 shares of The InterGroup stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $14.25, for a total value of $149,411.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 81.90% of the stock is currently owned by corporate insiders.

Institutional Trading of The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC boosted its position in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 about 15.64% of The InterGroup worth $5,280,000 as of its most recent SEC filing. 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.