Townsquare Capital LLC Invests $213,000 in InterContinental Hotels Group PLC (NYSE:IHG)

Townsquare Capital LLC purchased a new position in InterContinental Hotels Group PLC (NYSE:IHG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,926 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in shares of InterContinental Hotels Group in the second quarter worth $36,000. Transcendent Capital Group LLC purchased a new position in shares of InterContinental Hotels Group in the second quarter worth $50,000. Assetmark Inc. raised its stake in shares of InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares during the last quarter. Transamerica Financial Advisors Inc. raised its stake in shares of InterContinental Hotels Group by 100,100.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock worth $111,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of InterContinental Hotels Group by 226.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the company’s stock worth $156,000 after purchasing an additional 1,025 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock opened at $130.22 on Friday. The stock has a market cap of $20.66 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. InterContinental Hotels Group PLC has a one year low of $82.68 and a one year high of $131.68. The stock has a fifty day moving average of $117.50 and a 200 day moving average of $107.75.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About InterContinental Hotels Group

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.