Stevens Capital Management LP Takes $429,000 Position in InterContinental Hotels Group PLC (IHG)

Stevens Capital Management LP purchased a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,117 shares of the company’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IHG. Ameriprise Financial Inc. grew its stake in shares of InterContinental Hotels Group by 9.0% in the first quarter. Ameriprise Financial Inc. now owns 6,694 shares of the company’s stock valued at $328,000 after acquiring an additional 553 shares in the last quarter. JPMorgan Chase & Co. grew its stake in InterContinental Hotels Group by 2.2% during the first quarter. JPMorgan Chase & Co. now owns 21,960 shares of the company’s stock worth $1,075,000 after buying an additional 482 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in InterContinental Hotels Group by 9.6% during the second quarter. Goldman Sachs Group Inc. now owns 69,660 shares of the company’s stock worth $3,868,000 after buying an additional 6,079 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in InterContinental Hotels Group during the third quarter worth about $1,782,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of InterContinental Hotels Group by 14.5% in the first quarter. Bank of New York Mellon Corp now owns 13,912 shares of the company’s stock worth $680,000 after acquiring an additional 1,766 shares during the last quarter. 6.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of InterContinental Hotels Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. BidaskClub lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Bank of America increased their target price on shares of InterContinental Hotels Group from $60.50 to $62.38 and gave the company a “buy” rating in a research report on Friday, October 20th. Morgan Stanley raised shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 29th. Finally, Credit Suisse Group raised shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.60.

Shares of InterContinental Hotels Group PLC (IHG) traded up $0.13 during trading hours on Monday, reaching $59.35. The company’s stock had a trading volume of 187,000 shares, compared to its average volume of 139,799. InterContinental Hotels Group PLC has a fifty-two week low of $43.02 and a fifty-two week high of $59.94. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of -1.92.

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InterContinental Hotels Group Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

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