Smartleaf Asset Management LLC Boosts Stake in InterContinental Hotels Group PLC (NYSE:IHG)

Smartleaf Asset Management LLC grew its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 419.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 571 shares of the company’s stock after purchasing an additional 461 shares during the period. Smartleaf Asset Management LLC’s holdings in InterContinental Hotels Group were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of IHG. FMR LLC lifted its position in InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company’s stock valued at $705,758,000 after buying an additional 351,723 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of InterContinental Hotels Group by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock valued at $35,388,000 after acquiring an additional 73,361 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $11,846,000. World Investment Advisors LLC acquired a new position in shares of InterContinental Hotels Group in the 3rd quarter worth approximately $86,000. Finally, Crossmark Global Holdings Inc. boosted its position in shares of InterContinental Hotels Group by 86.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 32,392 shares of the company’s stock worth $3,579,000 after purchasing an additional 15,031 shares during the period. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have 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. Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Citigroup assumed coverage on InterContinental Hotels Group in a report on Monday, February 24th. They set a “sell” rating for the company. Finally, Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

InterContinental Hotels Group Stock Up 0.0 %

NYSE:IHG opened at $120.62 on Monday. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $137.25. The company has a fifty day simple moving average of $128.42 and a two-hundred day simple moving average of $119.62. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

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.