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

StockNews.com started coverage on shares of The InterGroup (NASDAQ:INTG) in a research note published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

The InterGroup Stock Performance

Shares of NASDAQ:INTG opened at $14.06 on Friday. The firm has a market cap of $30.50 million, a price-to-earnings ratio of -3.51 and a beta of 0.28. The firm has a fifty day moving average price of $14.41 and a 200 day moving average price of $17.69. The InterGroup has a fifty-two week low of $13.10 and a fifty-two week high of $26.68.

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

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC grew its position in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 330,688 shares of the financial services provider’s stock after acquiring an additional 7,859 shares during the quarter. PFG Investments LLC owned about 15.12% of The InterGroup worth $6,825,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.