Associated Banc Corp increased its position in InterContinental Hotels Group PLC (NYSE:IHG) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,297 shares of the company’s stock after purchasing an additional 1,441 shares during the quarter. Associated Banc Corp’s holdings in InterContinental Hotels Group were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Citigroup Inc. boosted its stake in InterContinental Hotels Group by 21.6% during the 2nd quarter. Citigroup Inc. now owns 1,816 shares of the company’s stock valued at $100,000 after acquiring an additional 322 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in InterContinental Hotels Group during the 3rd quarter valued at $220,000. Cubist Systematic Strategies LLC bought a new position in InterContinental Hotels Group during the 2nd quarter valued at $233,000. Gotham Asset Management LLC bought a new position in InterContinental Hotels Group during the 2nd quarter valued at $308,000. Finally, CIBC World Markets Inc. boosted its stake in InterContinental Hotels Group by 9.6% during the 2nd quarter. CIBC World Markets Inc. now owns 6,208 shares of the company’s stock valued at $345,000 after acquiring an additional 546 shares during the last quarter. Institutional investors and hedge funds own 6.38% of the company’s stock.

InterContinental Hotels Group PLC (IHG) traded up $0.56 during trading on Friday, hitting $59.22. 502,774 shares of the stock were exchanged, compared to its average volume of 139,596. The company has a debt-to-equity ratio of -1.92, a quick ratio of 0.72 and a current ratio of 0.73. InterContinental Hotels Group PLC has a one year low of $42.87 and a one year high of $59.48.

A number of research analysts have commented on IHG shares. Zacks Investment Research upgraded shares of InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Bank of America increased their price objective on shares of InterContinental Hotels Group from $60.50 to $62.38 and gave the company a “buy” rating in a research note on Friday, October 20th. BidaskClub downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Morgan Stanley upgraded shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. Finally, Credit Suisse Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. InterContinental Hotels Group has an average rating of “Hold” and an average target price of $52.60.

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InterContinental Hotels Group 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.

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

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