The InterGroup (NASDAQ:INTG) Downgraded by TheStreet to “D+”

The InterGroup (NASDAQ:INTGGet Rating) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a report released on Thursday, TheStreetRatingsTable reports.

Shares of INTG opened at $49.51 on Thursday. The InterGroup has a twelve month low of $32.49 and a twelve month high of $61.61. The firm’s fifty day simple moving average is $48.57 and its 200-day simple moving average is $50.34.

A hedge fund recently raised its stake in The InterGroup stock. BlackRock Inc. grew its position in The InterGroup Co. (NASDAQ:INTGGet Rating) by 23.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,329 shares of the financial services provider’s stock after purchasing an additional 254 shares during the quarter. BlackRock Inc. owned approximately 0.06% of The InterGroup worth $59,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.81% of the company’s stock.

About The InterGroup (Get Rating)

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. It operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. The company's hotel consists of 544 guest rooms and luxury suites with approximately 22,000 square feet of meeting room space, a grand ballroom, 5 levels underground parking garage, a pedestrian bridge, and a Chinese culture center.

Recommended Stories

Receive News & Ratings for The InterGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The InterGroup and related companies with MarketBeat.com's FREE daily email newsletter.