2 hours Ago By ABMN Staff
King Luther Capital Management Corp lifted its stake in shares of InterContinental Hotels Group PLC ( NYSE:IHG – Free Report ) by 13.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,449 shares of the company’s stock after buying an additional 296 shares during the quarter.
King Luther Capital Management Corp’s holdings in InterContinental Hotels Group were worth $271,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds also recently modified their holdings of IHG. Russell Investments Group Ltd.
lifted its holdings in InterContinental Hotels Group by 46.9% during the first quarter. Russell Investments Group Ltd.
now owns 332 shares of the company’s stock valued at $35,000 after purchasing an additional 106 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of InterContinental Hotels Group by 0.8% in the second quarter.
Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock valued at $1,337,000 after purchasing an additional 106 shares during the period. GAMMA Investing LLC lifted its stake in shares of InterContinental Hotels Group by 15.5% during the 2nd quarter.
GAMMA Investing LLC now owns 1,008 shares of the company’s stock valued at $107,000 after buying an additional 135 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in InterContinental Hotels Group by 0.
6% in the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock worth $3,056,000 after buying an additional 152 shares during the period.
Finally, Ballentine Partners LLC grew its stake in InterContinental Hotels Group by 7.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock valued at $244,000 after buying an additional 154 shares in the last quarter.
Institutional investors own 15.09% of the company’s stock. Analyst Upgrades and Downgrades Several equities research analysts have issued reports on the company.
The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company.
Based on data from MarketBeat.com, the company presently has an average rating of “Hold”. InterContinental Hotels Group Trading Down 0.
4 % NYSE IHG opened at $123.41 on Monday. The company’s 50 day simple moving average is $113.
80 and its two-hundred day simple moving average is $105.88. InterContinental Hotels Group PLC has a 1 year low of $77.
84 and a 1 year high of $124.09. InterContinental Hotels Group Profile ( Free Report ) InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China.
The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names. See Also Want to see what other hedge funds are holding IHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterContinental Hotels Group PLC ( NYSE:IHG – Free Report ).
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