BNP Paribas Financial Markets Sells 5,400 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

BNP Paribas Financial Markets cut its holdings in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 9.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,621 shares of the company's stock after selling 5,400 shares during the quarter. BNP Paribas Financial Markets' holdings in InterContinental Hotels Group were worth $5,925,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of InterContinental Hotels Group during the second quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its position in shares of InterContinental Hotels Group by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company's stock worth $48,000 after purchasing an additional 191 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of InterContinental Hotels Group during the second quarter worth approximately $50,000. Assetmark Inc. raised its position in shares of 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 purchasing an additional 436 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of InterContinental Hotels Group by 15.5% during the second quarter. GAMMA Investing LLC now owns 1,008 shares of the company's stock worth $107,000 after purchasing an additional 135 shares during the period. 15.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IHG. The Goldman Sachs Group raised InterContinental Hotels Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 18th. Barclays upgraded InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, InterContinental Hotels Group currently has a consensus rating of "Hold".

InterContinental Hotels Group Trading Up 0.6 %

InterContinental Hotels Group stock traded up $0.73 during trading on Wednesday, hitting $128.71. 43,997 shares of the company were exchanged, compared to its average volume of 170,839. The business's 50 day moving average is $116.44 and its 200 day moving average is $107.18. InterContinental Hotels Group PLC has a 52 week low of $80.61 and a 52 week high of $129.30.

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.