Crossmark Global Holdings Inc. Reduces Holdings in Intercontinental Hotels Group (NYSE:IHG)

Crossmark Global Holdings Inc. lessened its holdings in Intercontinental Hotels Group (NYSE:IHG - Free Report) by 17.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,991 shares of the company's stock after selling 2,937 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Intercontinental Hotels Group were worth $1,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of Intercontinental Hotels Group by 100.0% during the first 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 period. Farther Finance Advisors LLC raised its position in Intercontinental Hotels Group by 67.3% during the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after acquiring an additional 101 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 valued at $38,000 after acquiring an additional 114 shares in the last quarter. Versant Capital Management Inc raised its position in Intercontinental Hotels Group by 722.4% during the first quarter. Versant Capital Management Inc now owns 1,283 shares of the company's stock valued at $141,000 after acquiring an additional 1,127 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Intercontinental Hotels Group by 67.9% during the fourth quarter. Russell Investments Group Ltd. now owns 1,410 shares of the company's stock valued at $176,000 after acquiring an additional 570 shares in the last quarter. Institutional investors and hedge funds own 15.09% of the company's stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Hotels Group from a "sell" rating to a "hold" rating in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Intercontinental Hotels Group Stock Down 0.2%

Shares of Intercontinental Hotels Group stock traded down $0.25 on Monday, reaching $120.33. The company's stock had a trading volume of 114,908 shares, compared to its average volume of 200,948. The company has a market capitalization of $18.61 billion, a P/E ratio of 21.34, a PEG ratio of 1.72 and a beta of 1.33. Intercontinental Hotels Group has a 52-week low of $91.57 and a 52-week high of $137.25. The stock has a 50-day moving average price of $117.04 and a 200-day moving average price of $118.23.

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.