Intercontinental Hotels Group $IHG Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Intercontinental Hotels Group (NYSE:IHG) by 100.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,212 shares of the company’s stock after acquiring an additional 15,606 shares during the period. SG Americas Securities LLC’s holdings in Intercontinental Hotels Group were worth $4,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. boosted its position in Intercontinental Hotels Group by 20.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 439 shares of the company’s stock worth $62,000 after purchasing an additional 76 shares during the period. Independent Advisor Alliance raised its holdings in shares of Intercontinental Hotels Group by 0.9% during the 4th quarter. Independent Advisor Alliance now owns 10,577 shares of the company’s stock valued at $1,490,000 after buying an additional 91 shares during the period. Cullen Frost Bankers Inc. lifted its position in Intercontinental Hotels Group by 72.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock worth $30,000 after acquiring an additional 91 shares in the last quarter. Capital International Investors boosted its holdings in Intercontinental Hotels Group by 2.5% in the 4th quarter. Capital International Investors now owns 3,838 shares of the company’s stock worth $544,000 after acquiring an additional 92 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Intercontinental Hotels Group by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 12,734 shares of the company’s stock worth $1,793,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 15.09% of the company’s stock.

Intercontinental Hotels Group Stock Up 0.4%

Shares of IHG opened at $173.62 on Tuesday. The business’s 50 day moving average is $156.40 and its two-hundred day moving average is $144.74. Intercontinental Hotels Group has a 52-week low of $113.32 and a 52-week high of $175.89.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IHG. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, May 26th. Sanford C. Bernstein raised their price target on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Intercontinental Hotels Group from $160.00 to $195.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $174.50.

Intercontinental Hotels Group Profile

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.