Intercontinental Hotels Group $IHG Shares Bought by Optiver Holding B.V.

Optiver Holding B.V. increased its holdings in shares of Intercontinental Hotels Group (NYSE:IHG) by 112.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,306 shares of the company’s stock after buying an additional 27,102 shares during the period. Optiver Holding B.V.’s holdings in Intercontinental Hotels Group were worth $6,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IHG. Northwestern Mutual Wealth Management Co. lifted its holdings in Intercontinental Hotels Group by 42.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock valued at $50,000 after purchasing an additional 129 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Intercontinental Hotels Group by 136.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 473 shares of the company’s stock valued at $57,000 after buying an additional 273 shares in the last quarter. MAI Capital Management boosted its holdings in Intercontinental Hotels Group by 330.6% in the 2nd quarter. MAI Capital Management now owns 676 shares of the company’s stock worth $78,000 after buying an additional 519 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Intercontinental Hotels Group by 56.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 933 shares of the company’s stock worth $108,000 after buying an additional 336 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Intercontinental Hotels Group by 27.1% during the second quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock valued at $119,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Stock Down 1.1%

Shares of IHG stock opened at $141.27 on Wednesday. The firm’s 50-day moving average is $140.99 and its two-hundred day moving average is $130.70. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $150.89.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group upgraded Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 12th. Berenberg Bank raised shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Intercontinental Hotels Group

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.