StockNews.com Initiates Coverage on The InterGroup (NASDAQ:INTG)

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

The InterGroup Stock Down 0.1 %

The InterGroup stock opened at $14.27 on Friday. The InterGroup has a 52-week low of $13.10 and a 52-week high of $26.68. The company has a market cap of $30.94 million, a P/E ratio of -3.56 and a beta of 0.28. The business has a 50-day simple moving average of $14.20 and a two-hundred day simple moving average of $17.14.

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

Insider Activity at The InterGroup

In related news, Director John C. Love sold 10,485 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $14.25, for a total value of $149,411.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 81.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC increased its holdings 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 and Exchange Commission. The institutional investor owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the period. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.36% of the company’s stock.

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.