Baron Wealth Management LLC Invests $226,000 in InterContinental Hotels Group PLC (NYSE:IHG)

Baron Wealth Management LLC bought a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,811 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IHG. Assetmark Inc. increased its stake 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 acquiring an additional 436 shares during the last quarter. World Investment Advisors LLC acquired a new position in InterContinental Hotels Group during the 3rd quarter worth $86,000. R Squared Ltd bought a new position in InterContinental Hotels Group in the 4th quarter worth approximately $89,000. Transamerica Financial Advisors Inc. raised its stake in InterContinental Hotels Group by 100,100.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock valued at $111,000 after purchasing an additional 1,001 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of InterContinental Hotels Group by 40.7% in the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock valued at $182,000 after buying an additional 422 shares during the period. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

InterContinental Hotels Group Trading Up 0.5 %

NYSE:IHG opened at $134.18 on Thursday. The firm’s fifty day moving average price is $126.58 and its two-hundred day moving average price is $113.82. InterContinental Hotels Group PLC has a one year low of $91.57 and a one year high of $134.67.

About InterContinental Hotels Group

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.