Intergroup (NASDAQ:INTG – Get Free Report) posted its quarterly earnings results on Monday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports. Intergroup had a negative return on equity of 1.43% and a net margin of 2.22%.The business had revenue of $18.36 million for the quarter.
Intergroup Stock Performance
Shares of NASDAQ:INTG opened at $32.36 on Wednesday. Intergroup has a 52-week low of $16.88 and a 52-week high of $52.00. The company has a market cap of $69.57 million, a P/E ratio of 45.58 and a beta of 0.07. The stock’s 50-day moving average is $34.21 and its 200-day moving average is $36.99.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on INTG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a report on Monday, July 6th. Wall Street Zen downgraded Intergroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Intergroup presently has an average rating of “Sell”.
Hedge Funds Weigh In On Intergroup
A hedge fund recently bought a new position in Intergroup stock. BlackRock Inc. purchased a new position in shares of The Intergroup Corporation (NASDAQ:INTG – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned approximately 0.10% of Intergroup as of its most recent SEC filing. Hedge funds and other institutional investors own 3.36% of the company’s stock.
Intergroup Company Profile
The InterGroup Corporation (NASDAQ: INTG) is a diversified real estate company focused primarily on the ownership, development and management of real estate assets. Its activities have historically centered on commercial properties, including office and retail spaces, as well as related real estate investments.
Through its subsidiaries and investments, the company has also been involved in hotel and residential real estate operations. Its properties and business interests have primarily been located in Southern California, although the scope of its investments may vary over time.
The InterGroup Corporation is led by John V.
See Also
- Five stocks we like better than Intergroup
- Bitcoin Is Bouncing Back—Here are 2 Ways to Play the Rebound
- The Bull Case for Amprius Technologies Just Got Stronger
- CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
- CoreWeave Comes With Risks: Analysts Split on What Matters Most
Receive News & Ratings for Intergroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intergroup and related companies with MarketBeat.com's FREE daily email newsletter.
