Stevens Capital Management LP bought a new position in shares of Intercontinental Hotels Group (NYSE:IHG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,117 shares of the company’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IHG. Freestone Capital Holdings LLC acquired a new stake in Intercontinental Hotels Group during the second quarter worth approximately $8,207,000. Arrowstreet Capital Limited Partnership boosted its position in Intercontinental Hotels Group by 12.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 385,813 shares of the company’s stock worth $21,424,000 after acquiring an additional 42,491 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Intercontinental Hotels Group during the third quarter worth approximately $1,782,000. Parametric Portfolio Associates LLC boosted its position in Intercontinental Hotels Group by 10.1% during the second quarter. Parametric Portfolio Associates LLC now owns 204,460 shares of the company’s stock worth $11,354,000 after acquiring an additional 18,768 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Intercontinental Hotels Group during the second quarter worth approximately $509,000. Hedge funds and other institutional investors own 6.65% of the company’s stock.

Intercontinental Hotels Group (NYSE IHG) opened at $56.55 on Friday. Intercontinental Hotels Group has a 1-year low of $42.05 and a 1-year high of $57.80. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of -1.92.

A number of equities analysts have weighed in on IHG shares. Bank of America Corporation reiterated a “buy” rating on shares of Intercontinental Hotels Group in a report on Tuesday, July 25th. 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 report on Monday, October 23rd. BidaskClub lowered shares of Intercontinental Hotels Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Credit Suisse Group upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Intercontinental Hotels Group has an average rating of “Hold” and a consensus price target of $52.60.

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Intercontinental Hotels Group Company Profile

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

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