Intergroup (NASDAQ:INTG) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Intergroup (NASDAQ:INTG – Free Report) from a buy rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Intergroup from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Read Our Latest Analysis on INTG

Intergroup Price Performance

Shares of INTG opened at $32.17 on Friday. The stock has a market capitalization of $69.17 million, a price-to-earnings ratio of 45.31 and a beta of 0.06. Intergroup has a 1 year low of $19.79 and a 1 year high of $52.00. The business’s 50 day simple moving average is $34.01 and its 200-day simple moving average is $36.55.

Intergroup (NASDAQ:INTG – Get Free Report) last posted its earnings results on Monday, September 28th. The financial services provider reported $0.04 EPS for the quarter. Intergroup had a negative return on equity of 1.43% and a net margin of 2.22%. The firm had revenue of $18.36 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Intergroup stock. BlackRock Inc. purchased a new position in The Intergroup Corporation (NASDAQ:INTG – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned approximately 0.10% of Intergroup at the end of the most recent quarter. 3.36% of the stock is currently owned by institutional investors and hedge funds.

Intergroup Company Profile

(Get Free Report)

The InterGroup Corporation is a diversified holding company focused primarily on real estate investment, development and management. Through its subsidiaries and affiliated companies, it has been involved in residential and commercial properties, property management activities and hotel operations.

The company’s real estate interests have included income-producing properties and hospitality assets in the United States. Its activities have historically included ownership, operation and development of properties, as well as investments in real estate-related businesses and securities.

The InterGroup Corporation is headquartered in Los Angeles, California.

Further Reading

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