Intercontinental Hotels Group (IHG) Shares Sold by Aperio Group LLC
Aperio Group LLC cut its position in Intercontinental Hotels Group (NYSE:IHG) by 7.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,019 shares of the company’s stock after selling 14,518 shares during the quarter. Aperio Group LLC owned approximately 0.09% of Intercontinental Hotels Group worth $8,939,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its stake in Intercontinental Hotels Group by 12.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 385,813 shares of the company’s stock valued at $21,424,000 after buying an additional 42,491 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Intercontinental Hotels Group in the 2nd quarter valued at $233,000. Gotham Asset Management LLC acquired a new position in Intercontinental Hotels Group in the 2nd quarter valued at $308,000. Goldman Sachs Group Inc. grew its stake in Intercontinental Hotels Group by 9.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 69,660 shares of the company’s stock valued at $3,868,000 after buying an additional 6,079 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Intercontinental Hotels Group in the 2nd quarter valued at $509,000. Institutional investors and hedge funds own 6.57% of the company’s stock.
IHG has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, October 23rd. Bank of America Corporation raised their price target on shares of Intercontinental Hotels Group from $60.50 to $62.38 and gave the stock a “buy” rating in a research report on Friday, October 20th. BidaskClub lowered shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Credit Suisse Group upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.60.
Shares of Intercontinental Hotels Group (IHG) opened at $57.15 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of -1.92.
The company also recently announced a special dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 1st were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, August 30th.
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About Intercontinental Hotels Group
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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