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

StockNews.com cut shares of The InterGroup (NASDAQ:INTG) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

The InterGroup Stock Down 0.4 %

Shares of INTG opened at $14.34 on Thursday. The InterGroup has a fifty-two week low of $13.65 and a fifty-two week high of $28.85. The company’s fifty day moving average is $15.35 and its two-hundred day moving average is $18.75. The firm has a market cap of $31.12 million, a PE ratio of -3.58 and a beta of 0.32.

The InterGroup (NASDAQ:INTG) last issued its earnings results 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC increased its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the period. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 as of its most recent filing with the Securities and Exchange Commission. 3.36% of the stock is 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.