Intergroup (NASDAQ:INTG) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Intergroup (NASDAQ:INTG) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a research note on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Intergroup Stock Up 2.1%

Shares of INTG stock opened at $32.02 on Friday. The firm has a market capitalization of $68.84 million, a price-to-earnings ratio of -355.74 and a beta of 0.04. The stock has a fifty day moving average of $37.48 and a 200 day moving average of $35.70. Intergroup has a 52 week low of $11.25 and a 52 week high of $52.00.

Intergroup (NASDAQ:INTG) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $20.37 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in INTG. BlackRock Inc. purchased a new stake in Intergroup in the second quarter worth $106,000. Qube Research & Technologies Ltd raised its holdings in Intergroup by 11.9% in the second quarter. Qube Research & Technologies Ltd now owns 24,795 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 2,636 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new position in Intergroup during the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 3.36% of the company’s stock.

About Intergroup

Intergroup Corporation (NASDAQ: INTG) is a U.S.-based manufacturer and marketer of industrial and food packaging products. Through its operating subsidiaries, the company produces a broad array of container solutions including corrugated paperboard, recycled fiberboard, plastic and fiber-plastic combinations, as well as wood and tin packaging. These products serve a diverse customer base across the food processing, consumer goods, pharmaceutical, and industrial sectors.

The company’s product portfolio encompasses custom-designed cartons, paper and plastic boxes, and heavy-duty shipping containers tailored to meet the specific strength, moisture resistance, and storage requirements of its customers.