XTX Topco Ltd Takes Position in Intercontinental Hotels Group (NYSE:IHG)

Key Points

• XTX Topco Ltd has acquired 15,052 shares in Intercontinental Hotels Group, investing approximately $1,650,000 during the first quarter.
• Institutional investors and hedge funds own about 15.09% of Intercontinental Hotels Group's stock, indicating growing interest among major financial players.
• Deutsche Bank upgraded Intercontinental Hotels Group’s rating from "sell" to "hold," reflecting a shift in market sentiment around the company's stock.

XTX Topco Ltd acquired a new position in Intercontinental Hotels Group (NYSE:IHG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,052 shares of the company's stock, valued at approximately $1,650,000.

A number of other hedge funds also recently bought and sold shares of IHG. Golden State Wealth Management LLC grew its position in Intercontinental Hotels Group by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 114 shares during the last quarter. Whittier Trust Co. grew its position in Intercontinental Hotels Group by 186.3% in the first quarter. Whittier Trust Co. now owns 272 shares of the company's stock valued at $30,000 after acquiring an additional 177 shares during the period. TD Private Client Wealth LLC lifted its holdings in Intercontinental Hotels Group by 48.7% during the 1st quarter. TD Private Client Wealth LLC now owns 348 shares of the company's stock valued at $38,000 after purchasing an additional 114 shares during the last quarter. Versant Capital Management Inc grew its position in Intercontinental Hotels Group by 722.4% during the 1st quarter. Versant Capital Management Inc now owns 1,283 shares of the company's stock worth $141,000 after acquiring an additional 1,127 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Intercontinental Hotels Group by 67.9% during the 4th quarter. Russell Investments Group Ltd. now owns 1,410 shares of the company's stock worth $176,000 after buying an additional 570 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors.

Intercontinental Hotels Group Trading Up 0.2%

Shares of IHG traded up $0.20 on Tuesday, reaching $115.55. 126,350 shares of the company's stock were exchanged, compared to its average volume of 229,595. Intercontinental Hotels Group has a 12 month low of $91.57 and a 12 month high of $137.25. The stock has a market capitalization of $17.85 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. The business has a 50 day moving average price of $116.53 and a two-hundred day moving average price of $117.48.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Hotels Group from a "sell" rating to a "hold" rating in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock 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.