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

Wall Street Zen cut shares of Intergroup (NASDAQ:INTG) from a buy rating to a hold rating in a report released 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 report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Intergroup Stock Up 2.1%

Shares of INTG opened at $33.40 on Friday. The firm has a 50-day moving average price of $34.10 and a 200 day moving average price of $36.51. The firm has a market capitalization of $71.81 million, a PE ratio of 47.04 and a beta of 0.06. Intergroup has a 52-week low of $19.79 and a 52-week high of $52.00.

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

Hedge Funds Weigh In On Intergroup

An institutional investor recently bought a new position in Intergroup stock. BlackRock Inc. acquired a new position in The Intergroup Corporation (NASDAQ:INTG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned about 0.10% of Intergroup at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.36% of the company’s stock.

About Intergroup

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.