Wealthstar Advisors LLC acquired a new stake in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,975 shares of the company's stock, valued at approximately $497,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IHG. Entropy Technologies LP purchased a new stake in shares of InterContinental Hotels Group during the fourth quarter worth $262,000. Yorktown Management & Research Co Inc acquired a new position in InterContinental Hotels Group in the 4th quarter worth about $468,000. Richardson Financial Services Inc. purchased a new stake in shares of InterContinental Hotels Group during the 4th quarter worth about $25,000. Caprock Group LLC acquired a new stake in shares of InterContinental Hotels Group during the 4th quarter valued at about $203,000. Finally, Baron Wealth Management LLC bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $226,000. Hedge funds and other institutional investors own 15.09% of the company's stock.
InterContinental Hotels Group Stock Down 1.0 %
InterContinental Hotels Group stock traded down $1.31 on Thursday, reaching $134.99. 156,149 shares of the stock were exchanged, compared to its average volume of 142,133. The firm has a fifty day moving average price of $128.49 and a two-hundred day moving average price of $115.95. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $137.25.
Wall Street Analysts Forecast Growth
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 research report on Friday, November 15th. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a report on Friday, January 10th. Finally, Morgan Stanley cut shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".
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InterContinental Hotels Group Company Profile
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Free Report)
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.
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