Intergroup (NASDAQ:INTG) Posts Quarterly Earnings Results

Intergroup (NASDAQ:INTG – Get Free Report) posted its earnings results on Monday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $18.36 million during the quarter.

Intergroup Stock Down 1.9%

INTG traded down $0.64 during trading hours on Monday, hitting $32.69. The stock had a trading volume of 41,954 shares, compared to its average volume of 55,637. The company’s fifty day simple moving average is $34.43 and its 200 day simple moving average is $37.04. Intergroup has a 1 year low of $16.88 and a 1 year high of $52.00. The stock has a market cap of $70.28 million, a PE ratio of -363.18 and a beta of 0.07.

Analysts Set New Price Targets

A number of analysts recently commented on INTG shares. Wall Street Zen lowered Intergroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Intergroup in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Report on INTG

Hedge Funds Weigh In On Intergroup

An institutional investor recently bought a new position in Intergroup stock. BlackRock Inc. purchased a new stake in The Intergroup Corporation (NASDAQ:INTG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned 0.10% of Intergroup as of its most recent SEC filing. 3.36% of the stock is owned by hedge funds and other institutional investors.

About Intergroup

(Get Free Report)

The InterGroup Corporation (NASDAQ: INTG) is a diversified real estate company focused primarily on the ownership, development and management of real estate assets. Its activities have historically centered on commercial properties, including office and retail spaces, as well as related real estate investments.

Through its subsidiaries and investments, the company has also been involved in hotel and residential real estate operations. Its properties and business interests have primarily been located in Southern California, although the scope of its investments may vary over time.

The InterGroup Corporation is led by John V.

Further Reading

Earnings History for Intergroup (NASDAQ:INTG)

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