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

Equities research analysts at StockNews.com began coverage on shares of The InterGroup (NASDAQ:INTG) in a note issued to investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Stock Performance

NASDAQ:INTG opened at $14.18 on Tuesday. The stock’s fifty day moving average is $14.17 and its 200 day moving average is $16.57. The InterGroup has a fifty-two week low of $12.00 and a fifty-two week high of $25.89. The firm has a market capitalization of $30.74 million, a PE ratio of -3.54 and a beta of 0.26.

Insider Activity at The InterGroup

In related news, Director John C. Love sold 10,485 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $14.25, for a total transaction of $149,411.25. The transaction was disclosed in a document filed with the SEC, which is accessible 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 grew its holdings in The InterGroup Co. (NASDAQ:INTG) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the period. PFG Investments LLC owned about 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the Securities & Exchange Commission. 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.