Atria Wealth Solutions Inc. Boosts Stock Position in InterContinental Hotels Group PLC (NYSE:IHG)

Atria Wealth Solutions Inc. raised its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 40.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,545 shares of the company’s stock after acquiring an additional 1,606 shares during the period. Atria Wealth Solutions Inc.’s holdings in InterContinental Hotels Group were worth $693,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in InterContinental Hotels Group by 29.7% during the 3rd 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. Entropy Technologies LP purchased a new position in shares of InterContinental Hotels Group during the 4th quarter worth approximately $262,000. World Investment Advisors LLC purchased a new position in shares of InterContinental Hotels Group during the 3rd quarter worth approximately $86,000. Jane Street Group LLC raised its stake in shares of InterContinental Hotels Group by 120.2% during the 3rd quarter. Jane Street Group LLC now owns 4,269 shares of the company’s stock worth $472,000 after buying an additional 2,330 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of InterContinental Hotels Group by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 17,581 shares of the company’s stock worth $1,943,000 after buying an additional 1,107 shares in the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IHG. Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Finally, Citigroup began coverage on InterContinental Hotels Group in a research note on Monday. They issued a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

InterContinental Hotels Group Price Performance

NYSE IHG opened at $124.55 on Wednesday. InterContinental Hotels Group PLC has a 1-year low of $91.57 and a 1-year high of $137.25. The company has a market capitalization of $19.74 billion, a P/E ratio of 22.08, a PEG ratio of 1.69 and a beta of 1.32. The business has a 50 day moving average price of $128.61 and a 200 day moving average price of $117.99.

About InterContinental Hotels Group

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.