Yorktown Management & Research Co Inc Makes New $468,000 Investment in InterContinental Hotels Group PLC (NYSE:IHG)

Yorktown Management & Research Co Inc bought a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,750 shares of the company’s stock, valued at approximately $468,000.

Other large investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new stake in InterContinental Hotels Group during the fourth quarter worth approximately $25,000. R Squared Ltd bought a new stake in InterContinental Hotels Group during the fourth quarter worth approximately $89,000. Assetmark Inc. boosted its position in InterContinental Hotels Group by 130.9% during the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares during the period. Transamerica Financial Advisors Inc. boosted its position in shares of InterContinental Hotels Group by 100,100.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock valued at $111,000 after acquiring an additional 1,001 shares during the period. Finally, GAMMA Investing LLC boosted its position 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 acquiring an additional 422 shares during the period. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

Shares of NYSE IHG opened at $133.81 on Wednesday. The business has a fifty day simple moving average of $127.37 and a 200 day simple moving average of $114.60. InterContinental Hotels Group PLC has a one year low of $91.57 and a one year high of $136.67.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Finally, Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, InterContinental Hotels Group presently has a consensus rating of “Hold”.

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.