Proficio Capital Partners LLC Takes Position in InterContinental Hotels Group PLC (NYSE:IHG)

Proficio Capital Partners LLC acquired a new stake in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,489 shares of the company's stock, valued at approximately $2,185,000.

Other hedge funds also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC bought a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at approximately $72,000. Assetmark Inc. boosted its position in shares of InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company's stock valued at $85,000 after acquiring an additional 436 shares during the period. World Investment Advisors LLC bought a new stake in shares of InterContinental Hotels Group in the third quarter valued at approximately $86,000. Finally, R Squared Ltd bought a new position in InterContinental Hotels Group in the fourth quarter worth $89,000. 15.09% of the stock is owned by institutional investors.

InterContinental Hotels Group Stock Up 0.0 %

InterContinental Hotels Group stock traded up $0.06 during mid-day trading on Friday, hitting $120.62. 206,062 shares of the company were exchanged, compared to its average volume of 168,344. The business has a fifty day moving average of $128.42 and a 200 day moving average of $119.48. InterContinental Hotels Group PLC has a 1-year low of $91.57 and a 1-year high of $137.25. The company has a market capitalization of $19.08 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

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Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley cut InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 8th. Barclays raised InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research report on Friday, November 15th. Sanford C. Bernstein raised InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. Finally, Citigroup assumed coverage on InterContinental Hotels Group in a research report on Monday, February 24th. They issued a "sell" rating for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.