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

StockNews.com assumed coverage on shares of The InterGroup (NASDAQ:INTG) in a research note issued to investors on Tuesday morning. The firm issued a sell rating on the financial services provider’s stock.

The InterGroup Stock Performance

INTG stock opened at $20.63 on Tuesday. The InterGroup has a 1 year low of $16.27 and a 1 year high of $38.73. The firm has a market cap of $44.97 million, a P/E ratio of -3.51 and a beta of 0.29. The stock has a 50-day simple moving average of $21.74 and a 200-day simple moving average of $22.60.

The InterGroup (NASDAQ:INTG) last issued its quarterly earnings results on Friday, February 16th. The financial services provider reported ($0.69) EPS for the quarter. The company had revenue of $14.32 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The InterGroup stock. PFG Investments LLC purchased a new stake in The InterGroup Co. (NASDAQ:INTG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 322,829 shares of the financial services provider’s stock, valued at approximately $7,248,000. PFG Investments LLC owned about 14.77% of The InterGroup as of its most recent filing with the Securities and Exchange Commission (SEC). 3.36% of the stock is owned by institutional investors and hedge funds.

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.