Rhumbline Advisers Has $735,000 Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Rhumbline Advisers decreased its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,880 shares of the company’s stock after selling 116 shares during the period. Rhumbline Advisers’ holdings in InterContinental Hotels Group were worth $735,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. ABC Arbitrage SA bought a new stake in InterContinental Hotels Group during the fourth quarter worth approximately $11,846,000. Allspring Global Investments Holdings LLC boosted its holdings 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 worth $245,000 after buying an additional 189 shares during the period. Wealthstar Advisors LLC acquired a new position in InterContinental Hotels Group in the 4th quarter valued at $497,000. Entropy Technologies LP bought a new position in InterContinental Hotels Group in the 4th quarter worth $262,000. Finally, Yorktown Management & Research Co Inc acquired a new position in InterContinental Hotels Group during the 4th quarter worth $468,000. 15.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

InterContinental Hotels Group Stock Up 0.0 %

Shares of IHG opened at $120.62 on Friday. The stock’s 50-day moving average price is $128.53 and its 200 day moving average price is $119.16. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.69 and a beta of 1.33. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month high of $137.25.

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.