Entropy Technologies LP Purchases New Stake in InterContinental Hotels Group PLC (NYSE:IHG)

Entropy Technologies LP purchased a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,094 shares of the company's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Richardson Financial Services Inc. acquired a new position in shares of InterContinental Hotels Group during the 4th quarter worth approximately $25,000. R Squared Ltd bought a new position in shares of InterContinental Hotels Group in the fourth quarter valued at $89,000. Assetmark Inc. raised its position in InterContinental Hotels Group by 130.9% during the third quarter. Assetmark Inc. now owns 769 shares of the company's stock worth $85,000 after acquiring an additional 436 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in 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 valued at $111,000 after acquiring an additional 1,001 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of InterContinental Hotels Group by 40.7% in the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the company's stock valued at $182,000 after acquiring an additional 422 shares during the period. 15.09% of the stock is currently owned by institutional investors and hedge funds.

InterContinental Hotels Group Stock Performance

Shares of IHG stock traded down $1.52 during midday trading on Monday, hitting $133.40. 184,191 shares of the company were exchanged, compared to its average volume of 139,167. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $137.25. The firm's 50 day moving average price is $128.68 and its two-hundred day moving average price is $116.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IHG shares. Barclays raised shares of InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a report on Friday, November 15th. Sanford C. Bernstein raised InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. Finally, Morgan Stanley downgraded InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock 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.