The InterGroup Co. (NASDAQ:INTG – Get Rating)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $43.35 and traded as high as $44.00. The InterGroup shares last traded at $44.00, with a volume of 490 shares.
Wall Street Analyst Weigh In
Separately, TheStreet lowered The InterGroup from a "c-" rating to a "d+" rating in a research note on Thursday, January 26th.
Get The InterGroup alerts:The InterGroup Price Performance
The business has a 50 day simple moving average of $43.35 and a 200 day simple moving average of $47.39.
Hedge Funds Weigh In On The InterGroup
A hedge fund recently raised its stake in The InterGroup stock. Jane Street Group LLC increased its position in shares of The InterGroup Co. (NASDAQ:INTG – Get Rating) by 31.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,163 shares of the financial services provider's stock after acquiring an additional 1,243 shares during the quarter. Jane Street Group LLC owned about 0.23% of The InterGroup worth $243,000 at the end of the most recent quarter. Institutional investors own 1.32% of the company's stock.
About The InterGroup
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InterGroup Corp. engages in the purchasing, development, operation, rehabilitation, and disposal of real property of various types and description. It operates through the following business segments: Hotel Operations, Real Estate Operations, and Investment Transactions. The Hotel Operations handles the business activities of hotels.
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