InterContinental Hotels Group PLC (NYSE:IHG) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 12.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,582 shares of the company’s stock after purchasing an additional 276 shares during the period. Sanctuary Advisors LLC’s holdings in InterContinental Hotels Group were worth $350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. QRG Capital Management Inc. boosted its holdings 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 purchasing an additional 152 shares during the last quarter. Ballentine Partners LLC raised its position 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 buying an additional 156 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of InterContinental Hotels Group by 10.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,996 shares of the company’s stock valued at $245,000 after buying an additional 189 shares during the period. Mitchell & Pahl Private Wealth LLC raised its position in shares of InterContinental Hotels Group by 1.7% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 11,675 shares of the company’s stock valued at $1,458,000 after buying an additional 190 shares during the period. Finally, Richardson Financial Services Inc. purchased a new stake in shares of InterContinental Hotels Group during the 4th quarter valued at approximately $25,000. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IHG. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. Citigroup began coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They set a “sell” rating on the stock. Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Down 0.1 %

Shares of NYSE IHG opened at $126.76 on Tuesday. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.69 and a beta of 1.32. InterContinental Hotels Group PLC has a 52-week low of $91.57 and a 52-week high of $137.25. The business’s 50 day moving average is $128.68 and its two-hundred day moving average is $118.89.

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.