InterContinental Hotels Group (NYSE:IHG) Shares Pass Above 200 Day Moving Average – What’s Next?

InterContinental Hotels Group PLC (NYSE:IHG)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $112.18 and traded as high as $127.86. InterContinental Hotels Group shares last traded at $126.77, with a volume of 159,453 shares changing hands.

Wall Street Analyst Weigh In

IHG has been the topic of a number of analyst reports. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of “Hold”.

InterContinental Hotels Group Trading Up 0.6 %

The firm’s fifty day moving average is $125.08 and its two-hundred day moving average is $112.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IHG. JPMorgan Chase & Co. raised 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 valued at $35,388,000 after acquiring an additional 73,361 shares during the period. Hsbc Holdings PLC boosted its holdings in InterContinental Hotels Group by 133.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,433 shares of the company’s stock worth $1,212,000 after buying an additional 6,533 shares during the period. World Investment Advisors LLC purchased a new position in InterContinental Hotels Group in the 3rd quarter valued at approximately $86,000. Jane Street Group LLC raised its holdings in InterContinental Hotels Group by 120.2% during the 3rd quarter. Jane Street Group LLC now owns 4,269 shares of the company’s stock valued at $472,000 after acquiring an additional 2,330 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of InterContinental Hotels Group by 6.7% during the third quarter. Stifel Financial Corp now owns 17,581 shares of the company’s stock worth $1,943,000 after acquiring an additional 1,107 shares in the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

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.