Intergroup (NASDAQ:INTG) Issues Quarterly Earnings Results

Intergroup (NASDAQ:INTG) issued its earnings results on Tuesday. The financial services provider reported ($0.76) earnings per share (EPS) for the quarter, Zacks reports.

Intergroup Stock Performance

Intergroup stock traded up $0.48 during midday trading on Tuesday, hitting $19.23. 2,798 shares of the company’s stock were exchanged, compared to its average volume of 3,564. The stock has a 50-day moving average price of $14.98 and a two-hundred day moving average price of $13.33. The company has a market cap of $41.33 million, a P/E ratio of -5.68 and a beta of 0.07. Intergroup has a 52-week low of $9.57 and a 52-week high of $20.87.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd increased its stake in The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,795 shares of the financial services provider’s stock after acquiring an additional 2,636 shares during the period. Qube Research & Technologies Ltd owned about 1.15% of Intergroup worth $298,000 as of its most recent SEC filing. Institutional investors own 3.36% of the company’s stock.

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. 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.