InterContinental Hotels Group PLC (NYSE:IHG) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC lessened its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 62.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,409 shares of the company's stock after selling 7,207 shares during the quarter. Capstone Investment Advisors LLC's holdings in InterContinental Hotels Group were worth $487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IHG. Russell Investments Group Ltd. raised its stake in shares of InterContinental Hotels Group by 46.9% in the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company's stock valued at $35,000 after purchasing an additional 106 shares in the last quarter. Rothschild Investment LLC bought a new position in InterContinental Hotels Group during the 2nd quarter worth approximately $36,000. EverSource Wealth Advisors LLC grew its position in shares of InterContinental Hotels Group by 65.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company's stock worth $48,000 after acquiring an additional 191 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of InterContinental Hotels Group in the 2nd quarter valued at approximately $50,000. Finally, Assetmark Inc. raised its position in shares of InterContinental Hotels Group by 130.9% during the 3rd quarter. Assetmark Inc. now owns 769 shares of the company's stock valued at $85,000 after acquiring an additional 436 shares in the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Stock Up 0.2 %

NYSE IHG traded up $0.24 during trading hours on Friday, hitting $126.25. The company had a trading volume of 82,698 shares, compared to its average volume of 172,058. The firm has a market cap of $20.04 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 1.86 and a beta of 1.31. InterContinental Hotels Group PLC has a fifty-two week low of $77.84 and a fifty-two week high of $126.94. The business has a fifty day simple moving average of $115.75 and a 200-day simple moving average of $106.70.

Analyst Ratings Changes

IHG has been the subject of several recent research reports. Barclays upgraded shares of InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research note on Friday, November 15th. The Goldman Sachs Group raised shares of 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 issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.