Y Intercept Hong Kong Ltd bought a new position in shares of Intercontinental Hotels Group (NYSE:IHG – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,887 shares of the company’s stock, valued at approximately $564,000.

Several other large investors also recently made changes to their positions in IHG. Allspring Global Investments Holdings LLC boosted its position in shares of Intercontinental Hotels Group by 4.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company’s stock worth $232,000 after buying an additional 96 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Intercontinental Hotels Group by 24.5% in the first quarter. Bank of New York Mellon Corp now owns 17,563 shares of the company’s stock valued at $1,925,000 after buying an additional 3,459 shares in the last quarter. TD Private Client Wealth LLC raised its position in Intercontinental Hotels Group by 48.7% during the first quarter. TD Private Client Wealth LLC now owns 348 shares of the company’s stock worth $38,000 after acquiring an additional 114 shares in the last quarter. M&T Bank Corp bought a new position in shares of Intercontinental Hotels Group in the 1st quarter valued at about $481,000. Finally, Schechter Investment Advisors LLC acquired a new stake in Intercontinental Hotels Group in the 1st quarter valued at about $241,000. Institutional investors own 15.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IHG shares. JPMorgan Chase & Co. upgraded Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a research note on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Morgan Stanley raised Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

View Our Latest Stock Analysis on Intercontinental Hotels Group

Intercontinental Hotels Group Price Performance

Shares of IHG opened at $125.81 on Friday. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $137.25. The business’s 50 day moving average price is $122.00 and its two-hundred day moving average price is $118.51.

Intercontinental Hotels Group Profile

(Free Report)

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.

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