Wall Street Zen upgraded shares of Intergroup (NASDAQ:INTG – Free Report) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings upgraded 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, Based on data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Stock Report on INTG
Intergroup Price Performance
Intergroup (NASDAQ:INTG – Get Free Report) last released its earnings results on Monday, September 28th. The financial services provider reported $0.04 earnings per share (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 during the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Intergroup stock. BlackRock Inc. bought a new stake in The Intergroup Corporation (NASDAQ:INTG – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned 0.10% of Intergroup at the end of the most recent quarter. Institutional investors and hedge funds 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.
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