Mitchell & Pahl Private Wealth LLC Boosts Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Mitchell & Pahl Private Wealth LLC raised its stake in InterContinental Hotels Group PLC (NYSE:IHG) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,675 shares of the company’s stock after acquiring an additional 190 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in InterContinental Hotels Group were worth $1,458,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IHG. FMR LLC increased its holdings in shares of InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after purchasing an additional 351,723 shares during the last quarter. World Investment Advisors LLC bought a new stake in InterContinental Hotels Group in the 3rd quarter worth approximately $86,000. JPMorgan Chase & Co. raised its holdings in shares of InterContinental Hotels Group by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after acquiring an additional 73,361 shares in the last quarter. Bank of Montreal Can bought a new position in shares of InterContinental Hotels Group during the 2nd quarter valued at approximately $3,892,000. Finally, Mediolanum International Funds Ltd purchased a new position in shares of InterContinental Hotels Group in the third quarter valued at $1,699,000. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on IHG shares. Morgan Stanley downgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Finally, Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, InterContinental Hotels Group has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Up 0.6 %

NYSE IHG opened at $126.77 on Tuesday. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $131.68. The company has a fifty day moving average of $125.17 and a two-hundred day moving average of $112.60.

InterContinental Hotels Group 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.