The InterGroup (NASDAQ:INTG) Upgraded at StockNews.com

StockNews.com upgraded shares of The InterGroup (NASDAQ:INTG) from a sell rating to a hold rating in a research note published on Friday.

The InterGroup Stock Performance

NASDAQ INTG opened at $13.81 on Friday. The company has a market capitalization of $29.94 million, a price-to-earnings ratio of -3.44 and a beta of 0.32. The company’s 50-day simple moving average is $14.91 and its two-hundred day simple moving average is $18.51. The InterGroup has a one year low of $13.10 and a one year high of $28.85.

The InterGroup (NASDAQ:INTG) last issued 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 during the quarter.

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,688 shares of the financial services provider’s stock after buying an additional 7,859 shares during the period. PFG Investments LLC owned approximately 15.12% of The InterGroup worth $6,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3.36% of the stock is currently owned by hedge funds and other 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.