SG Americas Securities LLC Increases Stake in Intercontinental Hotels Group (NYSE:IHG)

SG Americas Securities LLC increased its holdings in shares of Intercontinental Hotels Group (NYSE:IHG - Free Report) by 22.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,685 shares of the company's stock after acquiring an additional 3,758 shares during the quarter. SG Americas Securities LLC's holdings in Intercontinental Hotels Group were worth $2,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Intercontinental Hotels Group by 9,964.5% in the 1st quarter. GAMMA Investing LLC now owns 146,741 shares of the company's stock valued at $160,810,000 after buying an additional 145,283 shares in the last quarter. Versant Capital Management Inc grew 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 valued at $141,000 after purchasing an additional 1,127 shares during the period. Vident Advisory LLC boosted its holdings in Intercontinental Hotels Group by 4.5% in the 4th quarter. Vident Advisory LLC now owns 4,502 shares of the company's stock valued at $563,000 after purchasing an additional 192 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Intercontinental Hotels Group by 13.6% in the fourth quarter. Quantinno Capital Management LP now owns 34,409 shares of the company's stock valued at $4,298,000 after acquiring an additional 4,132 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its position in Intercontinental Hotels Group by 1.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 373,139 shares of the company's stock worth $46,613,000 after acquiring an additional 6,709 shares during the period. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Hotels Group Stock Performance

Shares of IHG traded up $0.94 during midday trading on Wednesday, hitting $112.41. 173,593 shares of the stock were exchanged, compared to its average volume of 199,610. Intercontinental Hotels Group has a 52-week low of $91.57 and a 52-week high of $137.25. The stock has a fifty day simple moving average of $112.82 and a 200 day simple moving average of $119.62. The firm has a market cap of $17.46 billion, a P/E ratio of 19.92, a P/E/G ratio of 1.57 and a beta of 1.34.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Hotels Group from a "sell" rating to a "hold" rating in a research report on Monday, April 14th. Citigroup assumed coverage on shares of Intercontinental Hotels Group in a report on Monday, February 24th. They issued a "sell" rating on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Hotels Group 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.