Okabena Investment Services Inc. Has $1.91 Million Position in InterContinental Hotels Group PLC (NYSE:IHG)

Okabena Investment Services Inc. grew its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,237 shares of the company’s stock after buying an additional 935 shares during the quarter. Okabena Investment Services Inc.’s holdings in InterContinental Hotels Group were worth $1,905,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of InterContinental Hotels Group by 46.9% during the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock worth $35,000 after buying an additional 106 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in InterContinental Hotels Group by 0.8% in 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 acquiring an additional 106 shares during the last quarter. GAMMA Investing LLC raised its holdings in InterContinental Hotels Group by 15.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock worth $107,000 after purchasing an additional 135 shares during the last quarter. QRG Capital Management Inc. lifted 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 valued at $3,056,000 after purchasing an additional 152 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of InterContinental Hotels Group by 7.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock valued at $244,000 after purchasing an additional 154 shares during the last quarter. 15.09% of the stock is owned by institutional investors.

InterContinental Hotels Group Stock Performance

Shares of IHG stock opened at $123.41 on Friday. InterContinental Hotels Group PLC has a 52 week low of $77.84 and a 52 week high of $124.09. The company’s 50 day moving average price is $113.80 and its two-hundred day moving average price is $105.84.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 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 InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

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.