InterContinental Hotels Group PLC (NYSE:IHG) Position Reduced by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in InterContinental Hotels Group PLC (NYSE:IHG) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 690,083 shares of the company’s stock after selling 45,959 shares during the quarter. Natixis Advisors LLC’s holdings in InterContinental Hotels Group were worth $76,247,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. grew its position in InterContinental Hotels Group by 46.9% during the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock worth $35,000 after purchasing an additional 106 shares in the last quarter. Bank of New York Mellon Corp raised its position in InterContinental Hotels Group by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock valued at $1,337,000 after buying an additional 106 shares during the period. GAMMA Investing LLC lifted its stake in InterContinental Hotels Group by 15.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock worth $107,000 after acquiring an additional 135 shares in the last quarter. QRG Capital Management Inc. boosted its position in InterContinental Hotels Group by 0.6% during the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock worth $3,056,000 after acquiring an additional 152 shares during the period. Finally, Ballentine Partners LLC grew its stake in InterContinental Hotels Group by 7.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock valued at $244,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

InterContinental Hotels Group Trading Up 0.1 %

Shares of InterContinental Hotels Group stock opened at $121.20 on Friday. The stock has a 50-day simple moving average of $111.70 and a 200-day simple moving average of $105.01. InterContinental Hotels Group PLC has a 52-week low of $74.82 and a 52-week high of $122.78.

Analyst Ratings Changes

Several analysts recently commented on IHG shares. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.