Natixis Advisors LLC Purchases 19,467 Shares of Intercontinental Hotels Group (NYSE:IHG)

Key Points

• Natixis Advisors LLC increased its stake in Intercontinental Hotels Group (IHG) by 2.8% during the first quarter, now holding 717,617 shares valued at approximately $78.6 million.
• Several other hedge funds also raised their positions in IHG, including Golden State Wealth Management, which doubled its stake by 100% during the same period.
• Deutsche Bank upgraded IHG's rating from "sell" to "hold," contributing to an overall average rating of "Hold" among analysts.

Natixis Advisors LLC raised its stake in shares of Intercontinental Hotels Group (NYSE:IHG - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,617 shares of the company's stock after buying an additional 19,467 shares during the period. Natixis Advisors LLC owned 0.46% of Intercontinental Hotels Group worth $78,644,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Intercontinental Hotels Group by 8.9% during the fourth quarter. Bank of America Corp DE now owns 430,323 shares of the company's stock valued at $53,756,000 after buying an additional 35,003 shares in the last quarter. Clark Capital Management Group Inc. raised its holdings in Intercontinental Hotels Group by 1.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 373,139 shares of the company's stock valued at $46,613,000 after buying an additional 6,709 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Intercontinental Hotels Group by 9,964.5% in the first quarter. GAMMA Investing LLC now owns 146,741 shares of the company's stock worth $160,810,000 after purchasing an additional 145,283 shares during the period. Northern Trust Corp increased its stake in shares of Intercontinental Hotels Group by 61.0% in the fourth quarter. Northern Trust Corp now owns 146,274 shares of the company's stock worth $18,273,000 after purchasing an additional 55,404 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Intercontinental Hotels Group by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 140,800 shares of the company's stock worth $17,589,000 after purchasing an additional 1,800 shares during the period. 15.09% of the stock is currently owned by institutional investors.

Intercontinental Hotels Group Stock Performance

Shares of Intercontinental Hotels Group stock traded down $1.52 during trading on Friday, reaching $114.64. The company's stock had a trading volume of 160,989 shares, compared to its average volume of 161,611. The business's fifty day moving average price is $116.57 and its 200-day moving average price is $117.66. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. Intercontinental Hotels Group has a one year low of $91.57 and a one year high of $137.25.

Analyst Upgrades and Downgrades

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