Natixis Advisors LLC Grows Stake in 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 increased its position in Intercontinental Hotels Group (NYSE:IHG - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 717,617 shares of the company's stock after buying an additional 19,467 shares during the quarter. Natixis Advisors LLC owned about 0.46% of Intercontinental Hotels Group worth $78,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in IHG. Raymond James Financial Inc. purchased a new position in shares of Intercontinental Hotels Group in the 4th quarter worth $13,796,000. Orion Portfolio Solutions LLC raised its position in shares of Intercontinental Hotels Group by 21.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 14,886 shares of the company's stock worth $1,859,000 after buying an additional 2,650 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Intercontinental Hotels Group by 241.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the company's stock worth $15,965,000 after buying an additional 90,339 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Intercontinental Hotels Group by 11.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 22,558 shares of the company's stock worth $2,818,000 after buying an additional 2,332 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Intercontinental Hotels Group by 6.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 48,358 shares of the company's stock worth $6,041,000 after buying an additional 2,945 shares during the period. 15.09% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Trading Up 0.7%

NYSE:IHG traded up $0.84 during mid-day trading on Monday, hitting $115.51. The company had a trading volume of 79,041 shares, compared to its average volume of 229,789. The business has a fifty day simple moving average of $116.57 and a 200-day simple moving average of $117.56. Intercontinental Hotels Group has a 1 year low of $91.57 and a 1 year high of $137.25. The firm has a market capitalization of $17.85 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.64 and a beta of 1.33.

Wall Street Analyst Weigh In

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