Park Avenue Securities LLC Raises Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Park Avenue Securities LLC raised its position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 24.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,307 shares of the company's stock after buying an additional 2,020 shares during the period. Park Avenue Securities LLC's holdings in InterContinental Hotels Group were worth $1,288,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IHG. FMR LLC boosted its position in InterContinental Hotels Group by 5.8% during the third quarter. FMR LLC now owns 6,387,525 shares of the company's stock worth $705,758,000 after acquiring an additional 351,723 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in InterContinental Hotels Group by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company's stock worth $35,388,000 after purchasing an additional 73,361 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of InterContinental Hotels Group during the 3rd quarter worth approximately $86,000. Envestnet Asset Management Inc. grew its position in shares of InterContinental Hotels Group by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company's stock valued at $6,179,000 after purchasing an additional 3,431 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of InterContinental Hotels Group by 8.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 50,094 shares of the company's stock valued at $5,307,000 after purchasing an additional 4,087 shares during the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Trading Up 0.6 %

Shares of NYSE IHG traded up $0.78 during trading on Monday, reaching $126.77. The stock had a trading volume of 159,453 shares, compared to its average volume of 89,206. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week high of $131.68. The business's 50-day moving average price is $125.08 and its 200-day moving average price is $112.45.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IHG shares. Sanford C. Bernstein upgraded InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a report on Friday, January 10th. Morgan Stanley cut shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 8th. Finally, Barclays upgraded shares of InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold".

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.