Ballentine Partners LLC Boosts Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Ballentine Partners LLC boosted its stake in InterContinental Hotels Group PLC (NYSE:IHG) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,344 shares of the company’s stock after purchasing an additional 156 shares during the quarter. Ballentine Partners LLC’s holdings in InterContinental Hotels Group were worth $293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IHG. Assetmark Inc. increased its holdings 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 purchasing an additional 436 shares during the last quarter. World Investment Advisors LLC purchased a new position in InterContinental Hotels Group during the 3rd quarter valued at approximately $86,000. Transamerica Financial Advisors Inc. increased its stake in InterContinental Hotels Group by 100,100.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock worth $111,000 after acquiring an additional 1,001 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of InterContinental Hotels Group by 40.7% during the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock worth $182,000 after acquiring an additional 422 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of InterContinental Hotels Group by 22.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company’s stock valued at $200,000 after acquiring an additional 330 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Down 1.2 %

NYSE IHG opened at $131.12 on Friday. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $132.89. The company has a fifty day moving average of $125.93 and a two-hundred day moving average of $113.23.

Analyst Ratings Changes

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