Virtu Financial LLC Takes $470,000 Position in InterContinental Hotels Group PLC (NYSE:IHG)

Virtu Financial LLC acquired a new position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,254 shares of the company's stock, valued at approximately $470,000.

Other large investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in shares of InterContinental Hotels Group by 133.3% during the 2nd quarter. Hsbc Holdings PLC now owns 11,433 shares of the company's stock worth $1,212,000 after acquiring an additional 6,533 shares during the last quarter. Capital Wealth Planning LLC lifted its position in InterContinental Hotels Group by 125.2% during the second quarter. Capital Wealth Planning LLC now owns 24,257 shares of the company's stock valued at $2,570,000 after purchasing an additional 13,487 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in InterContinental Hotels Group during the third quarter valued at about $1,699,000. FMR LLC increased its position in InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company's stock worth $705,758,000 after buying an additional 351,723 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of InterContinental Hotels Group by 86.6% in the third quarter. Crossmark Global Holdings Inc. now owns 32,392 shares of the company's stock worth $3,579,000 after buying an additional 15,031 shares during the period. 15.09% of the stock is currently owned by institutional investors.

InterContinental Hotels Group Stock Up 0.3 %

IHG stock traded up $0.39 during midday trading on Monday, hitting $127.50. The company's stock had a trading volume of 116,328 shares, compared to its average volume of 169,632. InterContinental Hotels Group PLC has a 12 month low of $89.02 and a 12 month high of $131.68. The company has a 50 day moving average of $119.27 and a two-hundred day moving average of $108.75. The firm has a market capitalization of $20.21 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33.

Analyst Upgrades and Downgrades

IHG has been the subject of several analyst reports. Barclays raised shares of InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a report 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 note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, InterContinental Hotels Group presently 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.