Intergroup (NASDAQ:INTG) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Intergroup (NASDAQ:INTG – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised Intergroup from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Read Our Latest Analysis on INTG

Intergroup Price Performance

Shares of NASDAQ INTG opened at $27.87 on Friday. The stock has a market capitalization of $59.92 million, a PE ratio of 39.25 and a beta of 0.06. The business has a fifty day moving average price of $33.86 and a two-hundred day moving average price of $36.82. Intergroup has a fifty-two week low of $18.83 and a fifty-two week high of $52.00.

Intergroup (NASDAQ:INTG – Get Free Report) last released its earnings results on Monday, September 28th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Intergroup had a negative return on equity of 1.43% and a net margin of 2.22%.The company had revenue of $18.36 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Intergroup stock. BlackRock Inc. bought a new position in shares of The Intergroup Corporation (NASDAQ:INTG – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned about 0.10% of Intergroup at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.36% of the company’s stock.

Intergroup Company Profile

(Get Free Report)

The InterGroup Corporation (NASDAQ: INTG) is a diversified real estate company focused primarily on the ownership, development and management of real estate assets. Its activities have historically centered on commercial properties, including office and retail spaces, as well as related real estate investments.

Through its subsidiaries and investments, the company has also been involved in hotel and residential real estate operations. Its properties and business interests have primarily been located in Southern California, although the scope of its investments may vary over time.

The InterGroup Corporation is led by John V.

Further Reading

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