The InterGroup (NASDAQ:INTG) Downgraded by StockNews.com to “Sell”

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

The InterGroup Stock Performance

Shares of INTG stock remained flat at $14.45 on Wednesday. The company had a trading volume of 12,494 shares, compared to its average volume of 6,983. The business has a 50 day moving average price of $15.86 and a 200 day moving average price of $19.10. The company has a market capitalization of $31.50 million, a P/E ratio of -3.29 and a beta of 0.32. The InterGroup has a 12-month low of $13.65 and a 12-month high of $28.93.

The InterGroup (NASDAQ:INTG) last released its quarterly earnings data on Monday, September 30th. The financial services provider reported ($1.70) earnings per share for the quarter. The company had revenue of $13.43 million during the quarter.

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted 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 SEC. The institutional investor owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the quarter. PFG Investments LLC owned approximately 15.64% of The InterGroup worth $5,280,000 at the end of the most recent reporting period. 3.36% of the stock is owned by institutional investors and hedge funds.

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.