Allspring Global Investments Holdings LLC Has $245,000 Stock Position in InterContinental Hotels Group PLC (NYSE:IHG)

Allspring Global Investments Holdings LLC raised its position in InterContinental Hotels Group PLC (NYSE:IHG) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,996 shares of the company’s stock after purchasing an additional 189 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in InterContinental Hotels Group were worth $245,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IHG. Richardson Financial Services Inc. acquired a new position in shares of InterContinental Hotels Group during the 4th quarter worth $25,000. R Squared Ltd acquired a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at $89,000. Assetmark Inc. boosted its holdings in InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares in the last quarter. Transamerica Financial Advisors Inc. increased its position in InterContinental Hotels Group by 100,100.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock worth $111,000 after buying an additional 1,001 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in InterContinental Hotels Group by 40.7% during the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock valued at $182,000 after buying an additional 422 shares in the last quarter. 15.09% of the stock is owned by institutional investors and hedge funds.

InterContinental Hotels Group Stock Up 0.5 %

Shares of IHG opened at $124.55 on Wednesday. InterContinental Hotels Group PLC has a 12 month low of $91.57 and a 12 month high of $137.25. The company has a 50-day moving average price of $128.61 and a two-hundred day moving average price of $117.99. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.69 and a beta of 1.32.

Analyst Ratings Changes

A number of research firms recently issued reports on IHG. Sanford C. Bernstein upgraded shares of 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 report on Friday, November 15th. Citigroup initiated coverage on InterContinental Hotels Group in a research note on Monday. They issued a “sell” rating on the stock. Finally, Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

InterContinental Hotels Group Company 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.