2,693 Shares in InterContinental Hotels Group PLC (NYSE:IHG) Bought by &Partners

&Partners bought a new stake in InterContinental Hotels Group PLC (NYSE:IHG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,693 shares of the company’s stock, valued at approximately $285,000.

A number of other large investors have also added to or reduced their stakes in IHG. GAMMA Investing LLC purchased a new position in shares of InterContinental Hotels Group in the 4th quarter worth approximately $74,000. Parallel Advisors LLC boosted its position in shares of InterContinental Hotels Group by 15.8% in the 4th quarter. Parallel Advisors LLC now owns 828 shares of the company’s stock worth $75,000 after purchasing an additional 113 shares in the last quarter. Blue Trust Inc. grew its stake in InterContinental Hotels Group by 15,850.0% during the 4th quarter. Blue Trust Inc. now owns 957 shares of the company’s stock worth $87,000 after buying an additional 951 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in InterContinental Hotels Group during the 4th quarter valued at about $119,000. Finally, Park Avenue Securities LLC acquired a new stake in InterContinental Hotels Group in the first quarter worth about $223,000. 15.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Sanford C. Bernstein downgraded InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 13th. Finally, StockNews.com cut InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

InterContinental Hotels Group Trading Down 0.5 %

NYSE:IHG opened at $105.08 on Monday. The company’s fifty day moving average price is $100.82 and its 200-day moving average price is $99.18. InterContinental Hotels Group PLC has a 1-year low of $67.09 and a 1-year high of $112.08.

InterContinental Hotels Group Company Profile

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.