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

Equities research analysts at StockNews.com assumed coverage on shares of The InterGroup (NASDAQ:INTG) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Trading Up 1.8 %

The InterGroup stock opened at $12.57 on Wednesday. The business’s 50 day simple moving average is $13.24 and its 200 day simple moving average is $14.39. The InterGroup has a 12 month low of $10.70 and a 12 month high of $25.08. The company has a market cap of $27.09 million, a price-to-earnings ratio of -2.74 and a beta of 0.29.

The InterGroup (NASDAQ:INTG) last issued its earnings results on Friday, February 14th. The financial services provider reported ($1.26) earnings per share (EPS) for the quarter. The business had revenue of $14.44 million during the quarter.

Insiders Place Their Bets

In other The InterGroup news, Director John C. Love sold 10,485 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $14.25, for a total transaction of $149,411.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 81.90% of the company’s stock.

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC increased its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 343,949 shares of the financial services provider’s stock after purchasing an additional 1,959 shares during the period. PFG Investments LLC owned 15.85% of The InterGroup worth $4,908,000 as of its most recent SEC filing. 3.36% of the stock is currently owned by institutional investors and hedge funds.

The InterGroup Company Profile

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.