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

Investment analysts at StockNews.com initiated coverage on shares of The InterGroup (NASDAQ:INTG) in a research note issued on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

The InterGroup Stock Up 3.0 %

Shares of NASDAQ INTG opened at $13.35 on Friday. The firm has a market cap of $28.76 million, a price-to-earnings ratio of -2.91 and a beta of 0.17. The company’s 50-day simple moving average is $12.85 and its 200-day simple moving average is $13.71. The InterGroup has a 52-week low of $10.70 and a 52-week high of $24.67.

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

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC boosted its stake 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 SEC. The fund 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 15.85% of The InterGroup worth $4,908,000 at the end of the most recent quarter. 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.