Private Advisor Group LLC Sells 150 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Private Advisor Group LLC cut its position in InterContinental Hotels Group PLC (NYSE:IHG) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,855 shares of the company’s stock after selling 150 shares during the quarter. Private Advisor Group LLC’s holdings in InterContinental Hotels Group were worth $357,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new position in shares of InterContinental Hotels Group in the fourth quarter worth about $25,000. Venturi Wealth Management LLC purchased a new position in InterContinental Hotels Group in the 4th quarter valued at approximately $72,000. R Squared Ltd bought a new stake in InterContinental Hotels Group during the 4th quarter valued at $89,000. Assetmark Inc. lifted its position in shares of InterContinental Hotels Group by 130.9% during the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after acquiring an additional 436 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. boosted its holdings in shares of InterContinental Hotels Group by 100,100.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock worth $111,000 after acquiring an additional 1,001 shares during the period. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Down 0.8 %

NYSE IHG opened at $125.84 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 simple moving average of $128.66 and a two-hundred day simple moving average of $119.10. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.69 and a beta of 1.32.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IHG. Sanford C. Bernstein upgraded InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report 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. Citigroup initiated coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They set a “sell” rating for the company. Finally, Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.