Blue Trust Inc. Has $559,000 Stock Position in InterContinental Hotels Group PLC (NYSE:IHG)

Blue Trust Inc. increased its stake in InterContinental Hotels Group PLC (NYSE:IHG) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,471 shares of the company’s stock after buying an additional 763 shares during the quarter. Blue Trust Inc.’s holdings in InterContinental Hotels Group were worth $559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. boosted its position in InterContinental Hotels Group by 130.9% during the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares during the period. World Investment Advisors LLC acquired a new stake in InterContinental Hotels Group in the 3rd quarter worth about $86,000. Transamerica Financial Advisors Inc. boosted its stake in shares of InterContinental Hotels Group by 100,100.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock valued at $111,000 after buying an additional 1,001 shares during the period. GAMMA Investing LLC lifted its position in shares of InterContinental Hotels Group by 40.7% during the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock valued at $182,000 after acquiring an additional 422 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in InterContinental Hotels Group by 22.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company’s stock worth $200,000 after buying an additional 330 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. 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 InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Finally, Morgan Stanley cut shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Up 1.0 %

NYSE IHG opened at $135.44 on Friday. The company has a market cap of $21.46 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $136.58. The business’s fifty day moving average is $126.81 and its 200 day moving average is $113.98.

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.