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

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

The InterGroup Price Performance

Shares of NASDAQ:INTG opened at $22.35 on Tuesday. The InterGroup has a 1 year low of $16.27 and a 1 year high of $38.73. The stock has a market capitalization of $48.72 million, a price-to-earnings ratio of -3.81 and a beta of 0.31. The company’s 50 day simple moving average is $21.77 and its 200 day simple moving average is $22.52.

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

Institutional Investors Weigh In On The InterGroup

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