SG Americas Securities LLC Decreases Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

SG Americas Securities LLC cut its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,927 shares of the company’s stock after selling 977 shares during the quarter. SG Americas Securities LLC’s holdings in InterContinental Hotels Group were worth $2,115,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. QRG Capital Management Inc. increased 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 acquiring an additional 152 shares during the last quarter. Ballentine Partners LLC increased its holdings in InterContinental Hotels Group by 7.1% in the 4th quarter. Ballentine Partners LLC now owns 2,344 shares of the company’s stock worth $293,000 after acquiring an additional 156 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in InterContinental Hotels Group by 1.6% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company’s stock worth $1,269,000 after acquiring an additional 177 shares during the last quarter. MML Investors Services LLC increased its holdings in InterContinental Hotels Group by 3.2% in the 3rd quarter. MML Investors Services LLC now owns 6,792 shares of the company’s stock worth $750,000 after acquiring an additional 212 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in InterContinental Hotels Group by 11.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,149 shares of the company’s stock worth $268,000 after acquiring an additional 216 shares during the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Stock Down 1.2 %

IHG stock opened at $131.12 on Monday. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $132.89. The stock has a 50-day simple moving average of $125.93 and a two-hundred day simple moving average of $113.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Finally, Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, InterContinental Hotels Group has an average rating of “Hold”.

InterContinental Hotels Group 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.