InterGroup (NASDAQ:INTG) Stock Rating Lowered by TheStreet

InterGroup (NASDAQ:INTG) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.

NASDAQ INTG opened at $27.05 on Wednesday. The firm’s 50-day moving average is $27.56 and its two-hundred day moving average is $31.67. InterGroup has a 12 month low of $23.85 and a 12 month high of $38.60. The stock has a market capitalization of $61.92 million, a P/E ratio of 11.27 and a beta of 0.43.

A hedge fund recently raised its stake in InterGroup stock. Wedbush Securities Inc. grew its holdings in shares of InterGroup Corp (NASDAQ:INTG) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,541 shares of the financial services provider’s stock after purchasing an additional 3,541 shares during the period. Wedbush Securities Inc. owned about 2.11% of InterGroup worth $1,408,000 as of its most recent SEC filing. 8.53% of the stock is currently owned by hedge funds and other 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.

Featured Story: What is a Backdoor Roth IRA?

Receive News & Ratings for InterGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterGroup and related companies with MarketBeat.com's FREE daily email newsletter.