InterContinental Hotels Group PLC (NYSE:IHG) Shares Purchased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group increased its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 37.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,146 shares of the company’s stock after purchasing an additional 855 shares during the period. Rehmann Capital Advisory Group’s holdings in InterContinental Hotels Group were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of InterContinental Hotels Group in the 1st quarter valued at approximately $48,000. GAMMA Investing LLC purchased a new position in shares of InterContinental Hotels Group during the 4th quarter worth approximately $74,000. Parallel Advisors LLC boosted its position in shares of InterContinental Hotels Group by 15.8% during the 4th quarter. Parallel Advisors LLC now owns 828 shares of the company’s stock worth $75,000 after purchasing an additional 113 shares during the period. Blue Trust Inc. boosted its position in shares of InterContinental Hotels Group by 15,850.0% during the 4th quarter. Blue Trust Inc. now owns 957 shares of the company’s stock worth $87,000 after purchasing an additional 951 shares during the period. Finally, Barometer Capital Management Inc. purchased a new position in shares of InterContinental Hotels Group during the 4th quarter worth approximately $119,000. Institutional investors and hedge funds own 15.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on IHG shares. Jefferies Financial Group cut shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Sanford C. Bernstein cut shares of InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Performance

IHG stock traded up $2.35 during midday trading on Wednesday, hitting $106.60. The company’s stock had a trading volume of 111,795 shares, compared to its average volume of 173,107. InterContinental Hotels Group PLC has a 52-week low of $69.24 and a 52-week high of $112.08. The firm has a 50-day simple moving average of $102.24 and a 200-day simple moving average of $100.52.

InterContinental Hotels Group Company 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.