Global Retirement Partners LLC Increases Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Global Retirement Partners LLC increased its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 120.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,014 shares of the company’s stock after buying an additional 555 shares during the quarter. Global Retirement Partners LLC’s holdings in InterContinental Hotels Group were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IHG. FMR LLC grew its stake in InterContinental Hotels Group by 5.8% during the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after buying an additional 351,723 shares during the last quarter. ABC Arbitrage SA purchased a new stake in InterContinental Hotels Group during the 4th quarter valued at about $11,846,000. World Investment Advisors LLC purchased a new stake in InterContinental Hotels Group during the 3rd quarter valued at about $86,000. JPMorgan Chase & Co. grew its stake in InterContinental Hotels Group by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock valued at $35,388,000 after purchasing an additional 73,361 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew 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 purchasing an additional 15,031 shares during the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IHG has been the topic of several research analyst reports. Sanford C. Bernstein upgraded InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Citigroup started coverage on InterContinental Hotels Group in a report on Monday. They issued a “sell” rating for the company. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, three have issued 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”.

InterContinental Hotels Group Trading Up 0.7 %

Shares of NYSE IHG opened at $125.29 on Thursday. The stock has a market cap of $19.85 billion, a P/E ratio of 22.21, a PEG ratio of 1.69 and a beta of 1.32. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month high of $137.25. The business’s fifty day simple moving average is $128.62 and its 200-day simple moving average is $118.04.

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.