Segall Bryant & Hamill LLC lessened its holdings in shares of Intercontinental Hotels Group (NYSE:IHG - Free Report) by 13.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,099 shares of the company's stock after selling 11,401 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Intercontinental Hotels Group were worth $7,901,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IHG. Golden State Wealth Management LLC lifted its stake in shares of Intercontinental Hotels Group by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 228 shares of the company's stock valued at $25,000 after buying an additional 114 shares in the last quarter. Whittier Trust Co. raised its holdings in Intercontinental Hotels Group by 186.3% during the 1st 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. Farther Finance Advisors LLC lifted its position in shares of Intercontinental Hotels Group by 67.3% during the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Intercontinental Hotels Group by 48.7% in the first quarter. TD Private Client Wealth LLC now owns 348 shares of the company's stock worth $38,000 after acquiring an additional 114 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Intercontinental Hotels Group by 722.4% in the first 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 period. Institutional investors own 15.09% of the company's stock.
Wall Street Analyst Weigh In
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 research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on Intercontinental Hotels Group
Intercontinental Hotels Group Stock Up 0.7%
NYSE:IHG traded up $0.82 during mid-day trading on Friday, hitting $117.13. 190,896 shares of the stock traded hands, compared to its average volume of 202,113. The business's 50-day moving average price is $117.27 and its 200 day moving average price is $118.11. The company has a market cap of $18.11 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. Intercontinental Hotels Group has a 12-month low of $91.57 and a 12-month high of $137.25.
About Intercontinental Hotels Group
(
Free Report)
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.
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