Highland Capital Management LLC held its stake in InterContinental Hotels Group PLC (NYSE:IHG) during the third quarter, Holdings Channel reports. The fund owned 40,026 shares of the company’s stock at the end of the third quarter. Highland Capital Management LLC’s holdings in InterContinental Hotels Group PLC were worth $1,666,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IHG. Capstone Asset Management Co. increased its position in shares of InterContinental Hotels Group PLC by 546.0% in the third quarter. Capstone Asset Management Co. now owns 165,015 shares of the company’s stock worth $6,870,000 after buying an additional 139,472 shares during the period. JPMorgan Chase & Co. increased its position in shares of InterContinental Hotels Group PLC by 49.0% in the second quarter. JPMorgan Chase & Co. now owns 145,511 shares of the company’s stock worth $5,458,000 after buying an additional 47,883 shares during the period. Freestone Capital Holdings LLC increased its position in shares of InterContinental Hotels Group PLC by 5.8% in the second quarter. Freestone Capital Holdings LLC now owns 95,720 shares of the company’s stock worth $3,590,000 after buying an additional 5,215 shares during the period. Investment Centers of America Inc. increased its position in shares of InterContinental Hotels Group PLC by 138.6% in the second quarter. Investment Centers of America Inc. now owns 26,249 shares of the company’s stock worth $984,000 after buying an additional 15,249 shares during the period. Finally, Stevens Capital Management LP acquired a new position in shares of InterContinental Hotels Group PLC during the second quarter worth approximately $834,000. 6.06% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for InterContinental Hotels Group PLC (NYSE:IHG)

Shares of InterContinental Hotels Group PLC (NYSE:IHG) traded up 1.26% during midday trading on Tuesday, hitting $41.86. 137,653 shares of the stock were exchanged. InterContinental Hotels Group PLC has a 12 month low of $34.63 and a 12 month high of $50.53. The stock has a 50 day moving average price of $39.74 and a 200-day moving average price of $40.30. The company has a market cap of $9.54 billion, a PE ratio of 8.50 and a beta of 1.33.

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A number of brokerages recently commented on IHG. HSBC began coverage on shares of InterContinental Hotels Group PLC in a research note on Monday, September 19th. They issued a “reduce” rating for the company. Beaufort Securities reissued a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Citigroup Inc. reissued a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Morgan Stanley lowered shares of InterContinental Hotels Group PLC from an “equal weight” rating to an “underweight” rating in a report on Monday, September 26th. Finally, Zacks Investment Research raised shares of InterContinental Hotels Group PLC from a “strong sell” rating to a “hold” rating in a report on Thursday, August 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

InterContinental Hotels Group PLC Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.

5 Day Chart for NYSE:IHG

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