InterContinental Hotels Group PLC (NYSE:IHG – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $133.36 and last traded at $133.36, with a volume of 28089 shares. The stock had previously closed at $131.15.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on IHG. Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Finally, Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.
Get Our Latest Analysis on InterContinental Hotels Group
InterContinental Hotels Group Stock Performance
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in shares of InterContinental Hotels Group by 0.6% during the third quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock valued at $3,056,000 after purchasing an additional 152 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of InterContinental Hotels Group by 7.1% during the 4th quarter. Ballentine Partners LLC now owns 2,344 shares of the company’s stock valued at $293,000 after acquiring an additional 156 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its stake in shares of InterContinental Hotels Group by 1.6% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company’s stock worth $1,269,000 after acquiring an additional 177 shares during the period. Richardson Financial Services Inc. purchased a new position in shares of InterContinental Hotels Group during the fourth quarter valued at approximately $25,000. Finally, MML Investors Services LLC lifted its position in InterContinental Hotels Group by 3.2% during the third quarter. MML Investors Services LLC now owns 6,792 shares of the company’s stock valued at $750,000 after purchasing an additional 212 shares during the period. 15.09% of the stock is 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.
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