710 Shares in InterContinental Hotels Group PLC (NYSE:IHG) Acquired by R Squared Ltd

R Squared Ltd acquired a new stake in InterContinental Hotels Group PLC (NYSE:IHG) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 710 shares of the company’s stock, valued at approximately $89,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IHG. QRG Capital Management Inc. boosted its holdings in InterContinental Hotels Group by 0.6% in the third quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock valued at $3,056,000 after acquiring an additional 152 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of InterContinental Hotels Group by 7.1% in the 4th quarter. Ballentine Partners LLC now owns 2,344 shares of the company’s stock valued at $293,000 after purchasing an additional 156 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in shares of InterContinental Hotels Group by 1.6% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company’s stock worth $1,269,000 after buying an additional 177 shares during the period. MML Investors Services LLC raised its stake in shares of InterContinental Hotels Group by 3.2% during the third quarter. MML Investors Services LLC now owns 6,792 shares of the company’s stock worth $750,000 after buying an additional 212 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in InterContinental Hotels Group by 11.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,149 shares of the company’s stock valued at $268,000 after buying an additional 216 shares during the period. 15.09% of the stock is owned by institutional investors and hedge funds.

InterContinental Hotels Group Stock Up 1.0 %

Shares of NYSE IHG opened at $135.44 on Friday. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $136.58. The company’s fifty day moving average is $126.81 and its 200-day moving average is $113.98. The stock has a market cap of $21.46 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.60 and a beta of 1.32.

Wall Street Analyst Weigh In

Several brokerages have commented on IHG. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Finally, Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.