Caprock Group LLC Purchases New Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Caprock Group LLC acquired a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,624 shares of the company’s stock, valued at approximately $203,000.

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

Analyst Ratings Changes

IHG has been the topic of several research analyst reports. Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley cut shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Up 0.1 %

Shares of IHG opened at $136.58 on Friday. The stock has a market cap of $21.64 billion, a PE ratio of 23.92, a PEG ratio of 1.65 and a beta of 1.32. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month high of $137.21. The business has a 50-day simple moving average of $127.94 and a two-hundred day simple moving average of $115.09.

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.