Trillium Asset Management LLC Sells 2,426 Shares of Intercontinental Hotels Group $IHG

Trillium Asset Management LLC lowered its holdings in Intercontinental Hotels Group (NYSE:IHG) by 4.2% in the second quarter, HoldingsChannel.com reports. The firm owned 55,465 shares of the company’s stock after selling 2,426 shares during the quarter. Trillium Asset Management LLC’s holdings in Intercontinental Hotels Group were worth $6,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IHG. Allspring Global Investments Holdings LLC lifted its holdings in shares of Intercontinental Hotels Group by 4.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company’s stock worth $232,000 after acquiring an additional 96 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Intercontinental Hotels Group by 24.5% during the 1st quarter. Bank of New York Mellon Corp now owns 17,563 shares of the company’s stock worth $1,925,000 after acquiring an additional 3,459 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Intercontinental Hotels Group by 48.7% during the 1st quarter. TD Private Client Wealth LLC now owns 348 shares of the company’s stock worth $38,000 after acquiring an additional 114 shares during the period. M&T Bank Corp bought a new stake in shares of Intercontinental Hotels Group during the 1st quarter worth approximately $481,000. Finally, Schechter Investment Advisors LLC bought a new stake in shares of Intercontinental Hotels Group during the 1st quarter worth approximately $241,000. Institutional investors own 15.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IHG shares. JPMorgan Chase & Co. raised shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a report on Friday, September 26th. Wall Street Zen downgraded shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised shares of Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Intercontinental Hotels Group Price Performance

Shares of NYSE:IHG opened at $125.95 on Thursday. The firm has a 50 day simple moving average of $121.94 and a 200 day simple moving average of $118.46. Intercontinental Hotels Group has a one year low of $94.78 and a one year high of $137.25.

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.