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

StockNews.com started coverage on shares of The InterGroup (NASDAQ:INTG) in a report issued on Friday morning. The firm issued a hold rating on the financial services provider’s stock.

The InterGroup Trading Down 1.7 %

INTG opened at $14.03 on Friday. The firm has a market cap of $30.45 million, a P/E ratio of -3.50 and a beta of 0.25. The stock has a 50-day moving average of $13.95 and a 200 day moving average of $15.58. The InterGroup has a 12 month low of $11.75 and a 12 month high of $25.30.

Insider Activity

In other news, Director John C. Love sold 10,485 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $14.25, for a total transaction of $149,411.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 81.90% of the company’s stock.

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 The InterGroup Co. (NASDAQ:INTG) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,949 shares of the financial services provider’s stock after buying an additional 1,959 shares during the quarter. PFG Investments LLC owned approximately 15.85% of The InterGroup worth $4,908,000 at the end of the most recent reporting period. 3.36% of the stock is currently owned by institutional investors.

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.