InterContinental Hotels Group (NYSE:IHG) Upgraded to Overweight at Barclays

Barclays upgraded shares of InterContinental Hotels Group (NYSE:IHG) from an equal weight rating to an overweight rating in a research note issued to investors on Friday, Marketbeat reports.

Separately, The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of “Hold”.

InterContinental Hotels Group Price Performance

IHG opened at $121.78 on Friday. InterContinental Hotels Group has a 52 week low of $77.33 and a 52 week high of $122.78. The firm has a 50-day simple moving average of $112.11 and a two-hundred day simple moving average of $105.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its holdings in shares of InterContinental Hotels Group by 133.3% during the second quarter. Hsbc Holdings PLC now owns 11,433 shares of the company’s stock valued at $1,212,000 after acquiring an additional 6,533 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in InterContinental Hotels Group by 65.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after purchasing an additional 191 shares during the period. QRG Capital Management Inc. grew its holdings in InterContinental Hotels Group by 30.2% during the second quarter. QRG Capital Management Inc. now owns 27,508 shares of the company’s stock worth $2,915,000 after acquiring an additional 6,373 shares during the period. Capital Wealth Planning LLC lifted its holdings in InterContinental Hotels Group by 125.2% in the second quarter. Capital Wealth Planning LLC now owns 24,257 shares of the company’s stock valued at $2,570,000 after acquiring an additional 13,487 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in shares of InterContinental Hotels Group during the 3rd quarter valued at approximately $1,699,000. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

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.