Y Intercept Hong Kong Ltd Acquires Shares of 4,699 InterContinental Hotels Group PLC (NYSE:IHG)

Y Intercept Hong Kong Ltd acquired a new position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,699 shares of the company's stock, valued at approximately $519,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in InterContinental Hotels Group by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company's stock valued at $1,337,000 after acquiring an additional 106 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of InterContinental Hotels Group by 0.6% in the third quarter. QRG Capital Management Inc. now owns 27,660 shares of the company's stock worth $3,056,000 after purchasing an additional 152 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of InterContinental Hotels Group by 7.2% in the second quarter. Ballentine Partners LLC now owns 2,303 shares of the company's stock worth $244,000 after buying an additional 154 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in InterContinental Hotels Group by 1.6% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company's stock valued at $1,269,000 after buying an additional 177 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in InterContinental Hotels Group by 3.2% during the 3rd quarter. MML Investors Services LLC now owns 6,792 shares of the company's stock valued at $750,000 after buying an additional 212 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. 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 report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, InterContinental Hotels Group presently has an average rating of "Hold".

InterContinental Hotels Group Stock Up 0.3 %

InterContinental Hotels Group stock traded up $0.39 during midday trading on Monday, reaching $127.50. The stock had a trading volume of 116,328 shares, compared to its average volume of 169,632. InterContinental Hotels Group PLC has a 52-week low of $89.02 and a 52-week high of $131.68. The company has a fifty day moving average of $119.61 and a 200 day moving average of $108.95. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33.

About InterContinental Hotels Group

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.