The InterGroup (NASDAQ:INTG) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of The InterGroup (NASDAQ:INTG) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

The InterGroup Price Performance

Shares of The InterGroup stock opened at $14.34 on Thursday. The firm’s 50 day moving average is $15.35 and its 200 day moving average is $18.77. The InterGroup has a 1 year low of $13.65 and a 1 year high of $28.85.

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

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the period. PFG Investments LLC owned 15.64% of The InterGroup worth $5,280,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.36% of the company’s stock.

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.