Intergroup (NASDAQ:INTG – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.
Separately, Weiss Ratings raised Intergroup from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on INTG
Intergroup Stock Up 1.7%
Intergroup (NASDAQ:INTG – Get Free Report) last posted its quarterly earnings results on Monday, September 28th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Intergroup had a net margin of 2.22% and a negative return on equity of 1.43%. The business had revenue of $18.36 million during the quarter.
Institutional Trading of Intergroup
A hedge fund recently bought a new stake in Intergroup stock. BlackRock Inc. purchased a new position in shares of The Intergroup Corporation (NASDAQ:INTG – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned about 0.10% of Intergroup as of its most recent SEC filing. Institutional investors and hedge funds own 3.36% of the company’s stock.
Intergroup Company Profile
The InterGroup Corporation is a diversified holding company focused primarily on real estate investment, development and management. Through its subsidiaries and affiliated companies, it has been involved in residential and commercial properties, property management activities and hotel operations.
The company’s real estate interests have included income-producing properties and hospitality assets in the United States. Its activities have historically included ownership, operation and development of properties, as well as investments in real estate-related businesses and securities.
The InterGroup Corporation is headquartered in Los Angeles, California.
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