The InterGroup Co. (NASDAQ:INTG – Get Rating)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $48.29 and traded as low as $47.02. The InterGroup shares last traded at $47.02, with a volume of 735 shares changing hands.
Analyst Upgrades and Downgrades
Separately, TheStreet upgraded The InterGroup from a "d+" rating to a "c" rating in a research report on Friday, August 19th.
Get The InterGroup alerts:The InterGroup Stock Performance
The firm has a 50-day moving average of $50.46 and a 200-day moving average of $48.29. The firm has a market capitalization of $104.71 million, a P/E ratio of -276.57 and a beta of 0.48.
Insider Buying and Selling
In related news, Director John C. Love sold 9,000 shares of the firm's stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $50.00, for a total transaction of $450,000.00. Following the transaction, the director now directly owns 8,561 shares in the company, valued at approximately $428,050. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 72.10% of the stock is owned by corporate insiders.Hedge Funds Weigh In On The InterGroup
An institutional investor recently raised its position in The InterGroup stock. UBS Group AG grew its holdings in The InterGroup Co. (NASDAQ:INTG – Get Rating) by 3,033.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 658 shares of the financial services provider's stock after buying an additional 637 shares during the quarter. UBS Group AG's holdings in The InterGroup were worth $34,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.47% of the company's stock.
The InterGroup Company Profile
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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 544 guest rooms and luxury suites with approximately 22,000 square feet of meeting room space, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.
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