StockNews.com Downgrades The InterGroup (NASDAQ:INTG) to Sell

The InterGroup (NASDAQ:INTG) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

The InterGroup Price Performance

NASDAQ:INTG remained flat at $14.34 during mid-day trading on Thursday. 258 shares of the company traded hands, compared to its average volume of 7,706. The company has a market capitalization of $31.26 million, a P/E ratio of -3.27 and a beta of 0.32. The InterGroup has a 52-week low of $13.65 and a 52-week high of $28.85. The firm’s fifty day simple moving average is $15.42 and its 200-day simple moving average is $18.83.

The InterGroup (NASDAQ:INTG) last released its earnings results on Monday, September 30th. The financial services provider reported ($1.70) earnings per share (EPS) for the quarter. The business had revenue of $13.43 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 lifted its position in The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the quarter. PFG Investments LLC owned about 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the Securities and Exchange Commission. 3.36% of the stock is 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.