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

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

The InterGroup Price Performance

Shares of The InterGroup stock remained flat at $14.45 on Wednesday. 12,494 shares of the stock traded hands, compared to its average volume of 6,983. The firm has a market cap of $31.50 million, a PE ratio of -3.29 and a beta of 0.32. The InterGroup has a 52-week low of $13.65 and a 52-week high of $28.93. The company’s 50 day moving average price is $15.86 and its 200-day moving average price is $19.10.

The InterGroup (NASDAQ:INTG) last announced 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 for the quarter.

Institutional Investors Weigh In On 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 disclosure with the Securities & Exchange Commission. The firm owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the quarter. PFG Investments LLC owned 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 3.36% of the company’s stock.

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.