Moors & Cabot Inc. increased its holdings in InterContinental Hotels Group PLC (NYSE:IHG – Free Report) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,206 shares of the company’s stock after purchasing an additional 214 shares during the period. Moors & Cabot Inc.’s holdings in InterContinental Hotels Group were worth $446,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of IHG. Natixis Advisors LLC grew its stake in shares of InterContinental Hotels Group by 2.8% in the 2nd quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock worth $77,984,000 after buying an additional 20,280 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of InterContinental Hotels Group by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 632,644 shares of the company’s stock valued at $57,546,000 after acquiring an additional 185,045 shares during the last quarter. Raymond James & Associates grew its position in InterContinental Hotels Group by 1.2% in the second quarter. Raymond James & Associates now owns 123,232 shares of the company’s stock worth $13,056,000 after acquiring an additional 1,475 shares in the last quarter. Henry James International Management Inc. increased its stake in InterContinental Hotels Group by 13.1% during the first quarter. Henry James International Management Inc. now owns 121,475 shares of the company’s stock worth $13,000,000 after acquiring an additional 14,071 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in InterContinental Hotels Group by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock valued at $6,179,000 after purchasing an additional 3,431 shares during the period. Institutional investors own 15.09% of the company’s stock.
InterContinental Hotels Group Trading Up 2.1 %
Shares of NYSE:IHG opened at $108.63 on Friday. InterContinental Hotels Group PLC has a 12 month low of $70.06 and a 12 month high of $112.08. The firm’s 50-day moving average is $100.73 and its 200 day moving average is $101.93. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.56 and a beta of 1.31.
InterContinental Hotels Group Increases Dividend
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on InterContinental Hotels Group
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.
See Also
- Five stocks we like better than InterContinental Hotels Group
- What Are Some of the Best Large-Cap Stocks to Buy?
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- Differences Between Momentum Investing and Long Term Investing
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- How to Use the MarketBeat Excel Dividend Calculator
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Want to see what other hedge funds are holding IHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterContinental Hotels Group PLC (NYSE:IHG – Free Report).
Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.