The InterGroup Co. (NASDAQ:INTG – Get Rating)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $48.54 and traded as low as $48.43. The InterGroup shares last traded at $49.81, with a volume of 683 shares.
The InterGroup Stock Performance
The business's 50 day moving average is $49.33 and its 200 day moving average is $48.54. The stock has a market cap of $110.93 million, a price-to-earnings ratio of -292.98 and a beta of 0.45.
Get The InterGroup alerts: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 shares were sold at an average price of $50.00, for a total value of $450,000.00. Following the completion of the transaction, the director now owns 8,561 shares of the company's stock, valued at approximately $428,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 72.10% of the company's stock.
Hedge Funds Weigh In On The InterGroup
An institutional investor recently bought a new position in The InterGroup stock. Jane Street Group LLC bought a new position in The InterGroup Co. (NASDAQ:INTG – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,920 shares of the financial services provider's stock, valued at approximately $201,000. Jane Street Group LLC owned approximately 0.18% of The InterGroup as of its most recent SEC filing. 6.47% of the stock is owned by institutional investors.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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