InterContinental Hotels Group PLC (NYSE:IHG) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 690,083 shares of the company’s stock after selling 45,959 shares during the quarter. Natixis Advisors LLC owned 0.43% of InterContinental Hotels Group worth $76,247,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new position in shares of InterContinental Hotels Group during the third quarter valued at $399,000. Crossmark Global Holdings Inc. increased its stake in InterContinental Hotels Group by 86.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 32,392 shares of the company’s stock valued at $3,579,000 after buying an additional 15,031 shares during the period. Assetmark Inc. raised its position in shares of InterContinental Hotels Group by 130.9% during the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after buying an additional 436 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of InterContinental Hotels Group by 0.6% in the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock worth $3,056,000 after acquiring an additional 152 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in shares of InterContinental Hotels Group in the third quarter valued at approximately $1,699,000. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

Shares of NYSE:IHG opened at $121.20 on Friday. InterContinental Hotels Group PLC has a 1-year low of $74.82 and a 1-year high of $122.78. The company has a 50 day moving average price of $111.70 and a 200 day moving average price of $105.01.

Analysts Set New Price Targets

Several equities research analysts recently commented on IHG shares. The Goldman Sachs Group raised InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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 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.