Capital Fund Management S.A. acquired a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) during the third quarter, according to its most recent filing with the SEC. The fund acquired 13,500 shares of the company’s stock, valued at approximately $848,000.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in InterContinental Hotels Group during the third quarter worth about $188,000. FMR LLC grew its position in InterContinental Hotels Group by 17.3% during the third quarter. FMR LLC now owns 5,833,187 shares of the company’s stock worth $366,267,000 after buying an additional 862,100 shares in the last quarter. PNC Financial Services Group Inc. grew its position in InterContinental Hotels Group by 149.8% during the third quarter. PNC Financial Services Group Inc. now owns 4,332 shares of the company’s stock worth $273,000 after buying an additional 2,598 shares in the last quarter. Bank of New York Mellon Corp grew its position in InterContinental Hotels Group by 34.5% during the third quarter. Bank of New York Mellon Corp now owns 13,642 shares of the company’s stock worth $857,000 after buying an additional 3,501 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in InterContinental Hotels Group by 25.6% during the third quarter. Crossmark Global Holdings Inc. now owns 33,181 shares of the company’s stock worth $2,083,000 after buying an additional 6,771 shares in the last quarter. Institutional investors own 7.57% of the company’s stock.

IHG opened at $54.69 on Thursday. InterContinental Hotels Group PLC has a 12-month low of $50.84 and a 12-month high of $69.23.

Several research firms recently commented on IHG. Raymond James cut InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 4th. Citigroup cut InterContinental Hotels Group from a “neutral” rating to a “sell” rating in a research report on Monday, September 3rd. Finally, Zacks Investment Research cut InterContinental Hotels Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $69.00.

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About InterContinental Hotels Group

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, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, and Candlewood Suites brands.

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

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