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

Analysts at StockNews.com began coverage on shares of The InterGroup (NASDAQ:INTG) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Price Performance

Shares of NASDAQ INTG opened at $12.94 on Friday. The company has a market capitalization of $27.89 million, a price-to-earnings ratio of -2.83 and a beta of 0.17. The InterGroup has a 1-year low of $10.70 and a 1-year high of $24.67. The business has a 50-day moving average of $12.98 and a 200-day moving average of $13.92.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC increased its position in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,949 shares of the financial services provider’s stock after acquiring an additional 1,959 shares during the period. PFG Investments LLC owned about 15.85% of The InterGroup worth $4,908,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.36% of the company’s stock.

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.