SBI Securities Co. Ltd. Invests $42,000 in InterContinental Hotels Group PLC (NYSE:IHG)

SBI Securities Co. Ltd. bought a new stake in InterContinental Hotels Group PLC (NYSE:IHG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 335 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IHG. Richardson Financial Services Inc. purchased a new stake in InterContinental Hotels Group in the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC grew its stake in shares of InterContinental Hotels Group by 419.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock valued at $72,000 after acquiring an additional 461 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of InterContinental Hotels Group during the fourth quarter valued at about $72,000. R Squared Ltd acquired a new position in InterContinental Hotels Group in the fourth quarter worth about $89,000. Finally, Assetmark Inc. grew its stake in InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares in the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented 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. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Finally, Citigroup started coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

InterContinental Hotels Group Price Performance

NYSE:IHG opened at $114.99 on Wednesday. The company has a fifty day moving average price of $128.07 and a 200 day moving average price of $119.88. InterContinental Hotels Group PLC has a one year low of $91.57 and a one year high of $137.25. The stock has a market cap of $18.19 billion, a P/E ratio of 20.39, a PEG ratio of 1.69 and a beta of 1.33.

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.