SG Americas Securities LLC Purchases 3,758 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

SG Americas Securities LLC boosted its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,685 shares of the company's stock after purchasing an additional 3,758 shares during the period. SG Americas Securities LLC's holdings in InterContinental Hotels Group were worth $2,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Natixis Advisors LLC raised its position in shares of InterContinental Hotels Group by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 698,150 shares of the company's stock valued at $87,213,000 after purchasing an additional 8,067 shares during the period. Bank of America Corp DE grew its stake 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 acquiring an additional 35,003 shares in the last quarter. Clark Capital Management Group Inc. grew its stake 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 acquiring an additional 6,709 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of InterContinental Hotels Group by 9,964.5% in the 1st quarter. GAMMA Investing LLC now owns 146,741 shares of the company's stock worth $160,810,000 after buying an additional 145,283 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of InterContinental Hotels Group by 61.0% in the 4th quarter. Northern Trust Corp now owns 146,274 shares of the company's stock worth $18,273,000 after buying an additional 55,404 shares in the last quarter. Institutional investors own 15.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IHG. Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group from a "sell" rating to a "hold" rating in a 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 for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of "Hold".

InterContinental Hotels Group Price Performance

IHG opened at $111.79 on Friday. The firm has a fifty day moving average price of $112.32 and a 200 day moving average price of $119.81. The stock has a market cap of $17.39 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.69 and a beta of 1.34. InterContinental Hotels Group PLC has a 1 year low of $91.57 and a 1 year high of $137.25.

InterContinental Hotels Group 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.

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