InterContinental Hotels Group PLC (NYSE:IHG) Stake Boosted by Quantbot Technologies LP

Quantbot Technologies LP increased its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 33.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,087 shares of the company’s stock after acquiring an additional 3,532 shares during the period. Quantbot Technologies LP’s holdings in InterContinental Hotels Group were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in 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 acquiring an additional 106 shares during the last quarter. Rothschild Investment LLC bought a new stake in InterContinental Hotels Group in the second quarter worth $36,000. Transcendent Capital Group LLC bought a new stake in InterContinental Hotels Group in the second quarter worth $50,000. EverSource Wealth Advisors LLC increased its position in InterContinental Hotels Group by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after buying an additional 191 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after buying an additional 436 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Trading Up 0.2 %

Shares of IHG stock opened at $126.27 on Friday. InterContinental Hotels Group PLC has a 12 month low of $77.84 and a 12 month high of $126.94. The stock has a 50 day moving average of $115.38 and a 200-day moving average of $106.52.

Wall Street Analyst Weigh In

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

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.