InterContinental Hotels Group PLC (NYSE:IHG) Shares Acquired by Fmr LLC

Fmr LLC increased its position in InterContinental Hotels Group PLC (NYSE:IHG) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,387,525 shares of the company’s stock after buying an additional 351,723 shares during the quarter. Fmr LLC owned about 4.02% of InterContinental Hotels Group worth $705,758,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Okabena Investment Services Inc. lifted its holdings in shares of InterContinental Hotels Group by 5.7% in the third quarter. Okabena Investment Services Inc. now owns 17,237 shares of the company’s stock valued at $1,905,000 after buying an additional 935 shares during the period. Cerity Partners LLC lifted its holdings in shares of InterContinental Hotels Group by 25.2% during the third quarter. Cerity Partners LLC now owns 12,195 shares of the company’s stock valued at $1,347,000 after purchasing an additional 2,456 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of InterContinental Hotels Group by 13.8% during the third quarter. Meridian Wealth Management LLC now owns 2,371 shares of the company’s stock valued at $262,000 after purchasing an additional 288 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of InterContinental Hotels Group by 13.7% during the third quarter. King Luther Capital Management Corp now owns 2,449 shares of the company’s stock valued at $271,000 after purchasing an additional 296 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in InterContinental Hotels Group in the 3rd quarter worth about $399,000. Institutional investors and hedge funds own 15.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Up 0.2 %

Shares of IHG opened at $126.01 on Friday. The firm’s 50 day moving average price is $115.04 and its 200 day moving average price is $106.38. InterContinental Hotels Group PLC has a twelve month low of $77.84 and a twelve month high of $126.94.

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.