Zions Bancorporation National Association UT Has $1.49 Million Position in Intercontinental Hotels Group $IHG

Zions Bancorporation National Association UT grew its position in Intercontinental Hotels Group (NYSE:IHG) by 56.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,274 shares of the company’s stock after purchasing an additional 4,447 shares during the period. Zions Bancorporation National Association UT’s holdings in Intercontinental Hotels Group were worth $1,488,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in IHG. Northwestern Mutual Wealth Management Co. lifted its holdings in Intercontinental Hotels Group by 42.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock valued at $50,000 after purchasing an additional 129 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Intercontinental Hotels Group by 136.5% during the third quarter. Farther Finance Advisors LLC now owns 473 shares of the company’s stock worth $57,000 after buying an additional 273 shares in the last quarter. MAI Capital Management raised its stake in shares of Intercontinental Hotels Group by 330.6% in the second quarter. MAI Capital Management now owns 676 shares of the company’s stock valued at $78,000 after acquiring an additional 519 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Intercontinental Hotels Group by 56.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 933 shares of the company’s stock worth $108,000 after acquiring an additional 336 shares in the last quarter. Finally, Assetmark Inc. grew its position in Intercontinental Hotels Group by 27.1% during the 2nd quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock worth $119,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen downgraded Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Thursday, January 22nd. Jefferies Financial Group raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, December 12th. Finally, Berenberg Bank upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Intercontinental Hotels Group Stock Performance

Intercontinental Hotels Group stock opened at $146.03 on Tuesday. Intercontinental Hotels Group has a 1 year low of $94.78 and a 1 year high of $150.89. The company’s 50-day moving average is $140.09 and its two-hundred day moving average is $129.57.

About Intercontinental Hotels Group

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.