Capstone Investment Advisors LLC Lowers Stake in InterContinental Hotels Group PLC (NYSE:IHG)

Capstone Investment Advisors LLC lessened its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 62.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,409 shares of the company’s stock after selling 7,207 shares during the period. Capstone Investment Advisors LLC’s holdings in InterContinental Hotels Group were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of IHG. Russell Investments Group Ltd. increased its position in shares of InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after buying an additional 106 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in InterContinental Hotels Group by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock worth $1,337,000 after acquiring an additional 106 shares in the last quarter. GAMMA Investing LLC raised its position in InterContinental Hotels Group by 15.5% during the second quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock worth $107,000 after acquiring an additional 135 shares during the period. QRG Capital Management Inc. lifted its holdings in InterContinental Hotels Group by 0.6% during the third quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock valued at $3,056,000 after purchasing an additional 152 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in shares of InterContinental Hotels Group by 7.2% in the second quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock valued at $244,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 15.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on IHG. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

InterContinental Hotels Group Trading Up 0.2 %

Shares of NYSE IHG opened at $126.27 on Friday. The firm has a 50-day simple moving average of $115.38 and a 200-day simple moving average of $106.52. InterContinental Hotels Group PLC has a 52 week low of $77.84 and a 52 week 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.