InterGroup (NASDAQ:INTG) Rating Increased to C at TheStreet

TheStreet upgraded shares of InterGroup (NASDAQ:INTG) from a d rating to a c rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.

INTG traded up $0.13 during trading hours on Wednesday, hitting $36.25. The company’s stock had a trading volume of 307 shares, compared to its average volume of 949. InterGroup has a fifty-two week low of $28.95 and a fifty-two week high of $37.03. The firm has a market capitalization of $82.99 million, a PE ratio of 15.00 and a beta of 0.29. The company has a 50-day simple moving average of $33.53 and a 200 day simple moving average of $30.95.

A hedge fund recently raised its stake in InterGroup stock. Wedbush Securities Inc. boosted its holdings in InterGroup Corp (NASDAQ:INTG) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,574 shares of the financial services provider’s stock after acquiring an additional 6,400 shares during the quarter. Wedbush Securities Inc. owned 1.89% of InterGroup worth $1,297,000 at the end of the most recent quarter. 8.67% of the stock is owned by institutional investors.

InterGroup Company Profile

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. It operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. The company's hotel consists of 544 guest rooms and luxury suites with approximately 22,000 square feet of meeting room space, grand ballroom, five level underground parking garage, pedestrian bridge, and Chinese culture center.

Further Reading: Margin

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