The InterGroup (NASDAQ:INTG) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of The InterGroup (NASDAQ:INTGFree Report) in a report issued on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

The InterGroup Stock Up 1.0 %

Shares of NASDAQ INTG opened at $12.33 on Tuesday. The stock has a market cap of $26.58 million, a P/E ratio of -2.69 and a beta of 0.29. The firm’s 50-day simple moving average is $13.38 and its 200 day simple moving average is $14.57. The InterGroup has a fifty-two week low of $10.70 and a fifty-two week high of $25.30.

The InterGroup (NASDAQ:INTGGet Free Report) last released its quarterly earnings results on Friday, February 14th. The financial services provider reported ($1.26) EPS for the quarter. The business had revenue of $14.44 million for the quarter.

Insiders Place Their Bets

In other The InterGroup news, Director John C. Love sold 10,485 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $14.25, for a total value of $149,411.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 81.90% of the stock is currently owned by insiders.

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its holdings in The InterGroup Co. (NASDAQ:INTGFree Report) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 343,949 shares of the financial services provider’s stock after buying an additional 1,959 shares during the quarter. PFG Investments LLC owned 15.85% of The InterGroup worth $4,908,000 as of its most recent SEC filing. 3.36% of the stock is currently owned by institutional investors and hedge funds.

About The InterGroup

(Get Free Report)

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.

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