Intergroup (NASDAQ:INTG) Upgraded at Wall Street Zen

Intergroup (NASDAQ:INTG) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a research note issued to investors on Friday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Intergroup Stock Down 1.4%

INTG opened at $30.58 on Friday. The firm has a market capitalization of $65.72 million, a P/E ratio of -12.38 and a beta of 0.22. The stock has a fifty day moving average of $29.82 and a 200-day moving average of $18.97. Intergroup has a 12-month low of $9.57 and a 12-month high of $42.50.

Intergroup (NASDAQ:INTG) last posted its quarterly earnings results on Wednesday, November 12th. The financial services provider reported ($0.25) earnings per share for the quarter. The company had revenue of $17.91 million during the quarter.

Hedge Funds Weigh In On Intergroup

A hedge fund recently raised its stake in Intergroup stock. Qube Research & Technologies Ltd boosted its holdings in shares of The Intergroup Corporation (NASDAQ:INTG) by 11.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,795 shares of the financial services provider’s stock after acquiring an additional 2,636 shares during the quarter. Qube Research & Technologies Ltd owned approximately 1.15% of Intergroup worth $298,000 at the end of the most recent reporting period. 3.36% of the stock is owned by institutional investors and hedge funds.

About 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.