InterContinental Hotels Group (NYSE:IHG) Sees Strong Trading Volume

InterContinental Hotels Group PLC (NYSE:IHG) saw an uptick in trading volume on Monday . 257,949 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 174,430 shares.The stock last traded at $103.09 and had previously closed at $105.95.

Wall Street Analyst Weigh In

Several research firms have weighed in on IHG. Jefferies Financial Group cut InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Sanford C. Bernstein lowered InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

InterContinental Hotels Group Trading Up 0.5 %

The firm has a 50-day moving average price of $101.82 and a 200 day moving average price of $100.02.

Hedge Funds Weigh In On InterContinental Hotels Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in InterContinental Hotels Group by 15.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock worth $107,000 after buying an additional 135 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in InterContinental Hotels Group by 65.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after buying an additional 191 shares during the period. Bayesian Capital Management LP purchased a new stake in InterContinental Hotels Group in the 1st quarter worth approximately $201,000. Lake Street Advisors Group LLC lifted its holdings in InterContinental Hotels Group by 33.7% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,481 shares of the company’s stock worth $368,000 after buying an additional 877 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in InterContinental Hotels Group by 35.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,826 shares of the company’s stock worth $1,672,000 after buying an additional 4,104 shares during the period. 15.09% of the stock is currently owned by 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.