QRG Capital Management Inc. Has $2.92 Million Position in InterContinental Hotels Group PLC (NYSE:IHG)

QRG Capital Management Inc. grew its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 30.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,508 shares of the company’s stock after purchasing an additional 6,373 shares during the quarter. QRG Capital Management Inc.’s holdings in InterContinental Hotels Group were worth $2,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in IHG. Russell Investments Group Ltd. lifted its stake in InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after buying an additional 106 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in InterContinental Hotels Group in the first quarter worth $48,000. EverSource Wealth Advisors LLC grew its holdings in InterContinental Hotels Group by 65.2% in the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after purchasing an additional 191 shares during the period. GAMMA Investing LLC acquired a new stake in InterContinental Hotels Group in the fourth quarter worth $74,000. Finally, Parallel Advisors LLC grew its holdings in InterContinental Hotels Group by 15.8% in the fourth quarter. Parallel Advisors LLC now owns 828 shares of the company’s stock worth $75,000 after purchasing an additional 113 shares during the period. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Up 1.1 %

NYSE:IHG traded up $0.98 during trading hours on Friday, reaching $93.78. The company had a trading volume of 321,240 shares, compared to its average volume of 182,817. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 1.51 and a beta of 1.33. The business’s 50-day simple moving average is $103.46 and its two-hundred day simple moving average is $102.15. InterContinental Hotels Group PLC has a twelve month low of $70.06 and a twelve month high of $112.08.

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.