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

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

The InterGroup Stock Performance

NASDAQ INTG opened at $12.96 on Friday. The firm has a 50-day simple moving average of $12.86 and a 200 day simple moving average of $13.74. The InterGroup has a twelve month low of $10.70 and a twelve month high of $24.67. The stock has a market cap of $27.92 million, a PE ratio of -2.83 and a beta of 0.17.

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

Hedge Funds Weigh In On The InterGroup

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