The InterGroup (NASDAQ:INTG) Stock Rating Lowered by StockNews.com

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

The InterGroup Stock Performance

Shares of NASDAQ:INTG opened at $14.19 on Wednesday. The stock has a fifty day moving average of $15.79 and a 200-day moving average of $19.06. The company has a market capitalization of $30.92 million, a PE ratio of -3.23 and a beta of 0.32. The InterGroup has a one year low of $13.65 and a one year high of $28.93.

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

Institutional Investors Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC raised its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the quarter. PFG Investments LLC owned 15.64% of The InterGroup worth $5,280,000 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.

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.