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

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

The InterGroup Stock Performance

The InterGroup stock opened at $12.95 on Friday. The InterGroup has a one year low of $10.70 and a one year high of $25.08. The stock has a fifty day moving average of $12.97 and a 200 day moving average of $13.97. The stock has a market cap of $27.91 million, a PE ratio of -2.83 and a beta of 0.29.

The InterGroup (NASDAQ:INTG) last released its quarterly earnings results on Friday, February 14th. The financial services provider reported ($1.26) EPS for the quarter. The firm had revenue of $14.44 million for the quarter.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 343,949 shares of the financial services provider’s stock after purchasing an additional 1,959 shares during the period. PFG Investments LLC owned about 15.85% of The InterGroup worth $4,908,000 at the end of the most recent quarter. 3.36% of the stock is currently 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.