InterContinental Hotels Group PLC (NYSE:IHG) Position Lifted by Cerity Partners LLC

Cerity Partners LLC raised its stake in InterContinental Hotels Group PLC (NYSE:IHGFree Report) by 25.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,195 shares of the company’s stock after purchasing an additional 2,456 shares during the period. Cerity Partners LLC’s holdings in InterContinental Hotels Group were worth $1,347,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IHG. Bank of New York Mellon Corp raised its stake in InterContinental Hotels Group by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock worth $1,337,000 after acquiring an additional 106 shares during the period. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 135 shares during the last quarter. QRG Capital Management Inc. boosted its position in InterContinental Hotels Group by 0.6% during the 3rd 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 during the period. Ballentine Partners LLC grew its stake in InterContinental Hotels Group by 7.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock worth $244,000 after buying an additional 154 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its position in 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 buying an additional 177 shares during the period. Institutional investors own 15.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IHG. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, InterContinental Hotels Group has an average rating of “Hold”.

Get Our Latest Report on IHG

InterContinental Hotels Group Price Performance

NYSE:IHG opened at $127.98 on Wednesday. InterContinental Hotels Group PLC has a 1 year low of $80.61 and a 1 year high of $128.43. The business has a fifty day moving average of $116.11 and a 200-day moving average of $106.99.

InterContinental Hotels Group Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding IHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterContinental Hotels Group PLC (NYSE:IHGFree Report).

Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.