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

Equities research analysts at StockNews.com assumed coverage on shares of The InterGroup (NASDAQ:INTG) in a report released on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Price Performance

Shares of INTG opened at $12.16 on Wednesday. The InterGroup has a 1 year low of $11.75 and a 1 year high of $25.89. The stock has a 50 day simple moving average of $14.09 and a two-hundred day simple moving average of $16.19. The firm has a market cap of $26.36 million, a P/E ratio of -3.03 and a beta of 0.26.

Insider Buying and Selling at The InterGroup

In other The InterGroup news, Director John C. Love sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $14.25, for a total value of $149,411.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 81.90% of the company’s stock.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC lifted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,990 shares of the financial services provider’s stock after acquiring an additional 11,302 shares during the quarter. PFG Investments LLC owned approximately 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the Securities & Exchange Commission. 3.36% of the stock is currently owned by institutional investors and hedge funds.

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.