Intergroup (NASDAQ:INTG) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Intergroup (NASDAQ:INTG) from "Buy" to "Hold," while Weiss Ratings reiterated a "Sell (D-)" and MarketBeat shows an average rating of "Sell".
• INTG opened at $36.45, has a one-year range of $9.57–$42.50 and a market cap of about $78.4 million with a negative P/E of -63.95; the company reported $0.71 EPS and $17.3 million in revenue for the latest quarter.
• Hedge fund Qube Research raised its stake to 24,795 shares (≈1.15% of the company, ~$298,000), and institutional investors and hedge funds collectively own just 3.36% of Intergroup.

Intergroup (NASDAQ:INTG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Intergroup in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Intergroup presently has an average rating of "Sell".

Intergroup Stock Performance

INTG opened at $36.45 on Friday. Intergroup has a one year low of $9.57 and a one year high of $42.50. The stock has a market capitalization of $78.37 million, a P/E ratio of -63.95 and a beta of 0.18. The business's 50-day simple moving average is $29.33 and its 200-day simple moving average is $27.50.

Intergroup (NASDAQ:INTG - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.71 EPS for the quarter. The business had revenue of $17.30 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Intergroup stock. Qube Research & Technologies Ltd raised its holdings in The Intergroup Corporation (NASDAQ:INTG - Free Report) by 11.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,795 shares of the financial services provider's stock after acquiring an additional 2,636 shares during the quarter. Qube Research & Technologies Ltd owned 1.15% of Intergroup worth $298,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 3.36% of the company's stock.

About Intergroup

Intergroup Corporation NASDAQ: INTG is a U.S.-based manufacturer and marketer of industrial and food packaging products. Through its operating subsidiaries, the company produces a broad array of container solutions including corrugated paperboard, recycled fiberboard, plastic and fiber-plastic combinations, as well as wood and tin packaging. These products serve a diverse customer base across the food processing, consumer goods, pharmaceutical, and industrial sectors.

The company's product portfolio encompasses custom-designed cartons, paper and plastic boxes, and heavy-duty shipping containers tailored to meet the specific strength, moisture resistance, and storage requirements of its customers.

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