The InterGroup (NASDAQ:INTG) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of The InterGroup (NASDAQ:INTG) in a research note published on Wednesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

The InterGroup Stock Up 1.3 %

NASDAQ:INTG opened at $12.36 on Wednesday. The InterGroup has a 12 month low of $10.70 and a 12 month high of $25.08. The firm has a market cap of $26.64 million, a price-to-earnings ratio of -2.70 and a beta of 0.29. The company’s 50 day moving average is $13.15 and its 200-day moving average is $14.32.

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

Institutional Investors Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC boosted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,949 shares of the financial services provider’s stock after buying an additional 1,959 shares during the period. PFG Investments LLC owned about 15.85% of The InterGroup worth $4,908,000 as of its most recent SEC filing. Institutional investors own 3.36% of the company’s stock.

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.