Callan Family Office LLC purchased a new stake in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,915 shares of the company's stock, valued at approximately $864,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Richardson Financial Services Inc. purchased a new position in shares of InterContinental Hotels Group in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in InterContinental Hotels Group in the fourth quarter valued at about $42,000. Smartleaf Asset Management LLC lifted its stake in shares of InterContinental Hotels Group by 419.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock worth $72,000 after purchasing an additional 461 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter worth about $72,000. Finally, R Squared Ltd acquired a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at about $89,000. 15.09% of the stock is owned by institutional investors and hedge funds.
InterContinental Hotels Group Stock Up 0.0 %
Shares of IHG traded up $0.06 during midday trading on Friday, hitting $120.62. The company had a trading volume of 206,062 shares, compared to its average volume of 168,344. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $137.25. The company's 50 day moving average price is $128.42 and its 200 day moving average price is $119.62. The stock has a market cap of $19.08 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.69 and a beta of 1.33.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on IHG. Citigroup initiated coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They issued a "sell" rating for the company. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. Barclays raised InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research report on Friday, November 15th. Finally, Morgan Stanley lowered InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Research Report on IHG
InterContinental Hotels Group Company Profile
(
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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