Captrust Financial Advisors Cuts Position in InterContinental Hotels Group PLC (NYSE:IHG)

Captrust Financial Advisors decreased its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 77.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,431 shares of the company’s stock after selling 8,411 shares during the period. Captrust Financial Advisors’ holdings in InterContinental Hotels Group were worth $269,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of InterContinental Hotels Group by 5.8% during the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock valued at $705,758,000 after purchasing an additional 351,723 shares during the last quarter. Natixis Advisors LLC boosted its stake in InterContinental Hotels Group by 2.8% in the second quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock worth $77,984,000 after buying an additional 20,280 shares in the last quarter. Raymond James & Associates grew its position in InterContinental Hotels Group by 1.2% during the second quarter. Raymond James & Associates now owns 123,232 shares of the company’s stock valued at $13,056,000 after acquiring an additional 1,475 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of InterContinental Hotels Group by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock worth $6,179,000 after acquiring an additional 3,431 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of InterContinental Hotels Group by 8.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 50,094 shares of the company’s stock worth $5,307,000 after acquiring an additional 4,087 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Analyst Upgrades and Downgrades

IHG has been the topic of several recent research reports. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group raised InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

InterContinental Hotels Group Stock Performance

Shares of InterContinental Hotels Group stock opened at $127.11 on Friday. InterContinental Hotels Group PLC has a 52-week low of $89.02 and a 52-week high of $131.68. The company’s 50 day moving average price is $119.27 and its 200-day moving average price is $108.68.

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.