Henry James International Management Inc. Has $12.40 Million Stake in Intercontinental Hotels Group $IHG

Henry James International Management Inc. trimmed its position in Intercontinental Hotels Group (NYSE:IHG) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,511 shares of the company’s stock after selling 7,708 shares during the quarter. Intercontinental Hotels Group comprises about 4.1% of Henry James International Management Inc.’s investment portfolio, making the stock its 7th biggest position. Henry James International Management Inc. owned about 0.07% of Intercontinental Hotels Group worth $12,400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Intercontinental Hotels Group by 125.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 451,823 shares of the company’s stock worth $52,113,000 after acquiring an additional 251,647 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Intercontinental Hotels Group by 170.5% in the first quarter. Millennium Management LLC now owns 305,177 shares of the company’s stock valued at $33,444,000 after purchasing an additional 192,342 shares in the last quarter. Marshall Wace LLP increased its position in Intercontinental Hotels Group by 369.2% in the second quarter. Marshall Wace LLP now owns 172,622 shares of the company’s stock worth $19,910,000 after purchasing an additional 135,829 shares during the last quarter. ABC Arbitrage SA bought a new stake in Intercontinental Hotels Group in the second quarter worth $11,987,000. Finally, Cubist Systematic Strategies LLC lifted its position in Intercontinental Hotels Group by 137.6% during the second quarter. Cubist Systematic Strategies LLC now owns 134,489 shares of the company’s stock valued at $15,512,000 after purchasing an additional 77,883 shares during the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Stock Performance

IHG opened at $138.33 on Friday. The business has a fifty day moving average of $127.62 and a 200 day moving average of $121.75. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $139.52.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IHG shares. Jefferies Financial Group upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley upgraded Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a report on Friday, September 26th. Finally, Wall Street Zen lowered shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Intercontinental Hotels Group has a consensus rating of “Hold”.

Intercontinental Hotels Group Profile

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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.