StockNews.com Downgrades The InterGroup (NASDAQ:INTG) to Sell

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

The InterGroup Trading Down 3.8 %

Shares of NASDAQ:INTG opened at $14.34 on Friday. The business has a 50-day moving average price of $17.09 and a 200 day moving average price of $19.98. The company has a market capitalization of $31.36 million, a price-to-earnings ratio of -2.01 and a beta of 0.31. The InterGroup has a 12-month low of $13.92 and a 12-month high of $31.40.

The InterGroup (NASDAQ:INTG) last issued its quarterly earnings data on Monday, September 30th. The financial services provider reported ($1.70) earnings per share (EPS) for the quarter. The company had revenue of $13.43 million during 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 stake in The InterGroup Co. (NASDAQ:INTG) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 330,688 shares of the financial services provider’s stock after buying an additional 7,859 shares during the quarter. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 as of its most recent filing with the SEC. 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.