Crossmark Global Holdings Inc. Has $2.12 Million Stake in InterContinental Hotels Group PLC (NYSE:IHG)

Crossmark Global Holdings Inc. lowered its position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 47.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,928 shares of the company's stock after selling 15,464 shares during the period. Crossmark Global Holdings Inc.'s holdings in InterContinental Hotels Group were worth $2,115,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. 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 acquiring an additional 436 shares during the last quarter. World Investment Advisors LLC acquired a new position in InterContinental Hotels Group during the 3rd quarter worth $86,000. Transamerica Financial Advisors Inc. boosted its position in InterContinental Hotels Group by 100,100.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company's stock valued at $111,000 after buying an additional 1,001 shares during the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 422 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of InterContinental Hotels Group by 22.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company's stock worth $200,000 after acquiring an additional 330 shares during the last quarter. 15.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IHG. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research note on Friday, January 10th. Barclays upgraded 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

InterContinental Hotels Group Price Performance

Shares of IHG traded down $1.57 during trading hours on Friday, reaching $131.12. The stock had a trading volume of 108,245 shares, compared to its average volume of 115,603. The firm has a 50-day moving average of $125.74 and a 200 day moving average of $113.04. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $132.89.

InterContinental Hotels Group Company 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.