The InterGroup (NASDAQ:INTG) Rating Lowered to Sell at StockNews.com

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

The InterGroup Stock Performance

The InterGroup stock opened at $14.90 on Friday. The firm’s 50-day moving average is $17.16 and its 200-day moving average is $20.05. The InterGroup has a 1 year low of $13.92 and a 1 year high of $31.40. The company has a market cap of $32.59 million, a P/E ratio of -2.08 and a beta of 0.31.

The InterGroup (NASDAQ:INTG) last released its quarterly earnings data 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 for the quarter.

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC increased its position in The InterGroup Co. (NASDAQ:INTG) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,688 shares of the financial services provider’s stock after acquiring an additional 7,859 shares during the period. PFG Investments LLC owned approximately 15.12% of The InterGroup worth $6,825,000 at the end of the most recent reporting period. 3.36% of the stock is currently owned by institutional investors and hedge funds.

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.