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

SG Americas Securities LLC lifted its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 100.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 31,212 shares of the company’s stock after buying an additional 15,606 shares during the quarter. 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 recently bought and sold shares of the company. CCLA Investment Management bought a new stake in Intercontinental Hotels Group in the fourth quarter valued at about $114,306,000. Morgan Stanley increased its holdings in shares of Intercontinental Hotels Group by 3.9% in the 4th quarter. Morgan Stanley now owns 764,049 shares of the company’s stock valued at $107,601,000 after acquiring an additional 28,526 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Intercontinental Hotels Group by 1.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 710,121 shares of the company’s stock valued at $100,006,000 after acquiring an additional 9,235 shares in the last quarter. Bank of America Corp DE raised its position in shares of Intercontinental Hotels Group by 0.8% during the 3rd quarter. Bank of America Corp DE now owns 501,692 shares of the company’s stock valued at $60,835,000 after acquiring an additional 4,080 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Intercontinental Hotels Group by 3.9% during the fourth quarter. Natixis Advisors LLC now owns 465,747 shares of the company’s stock worth $65,591,000 after purchasing an additional 17,503 shares during the last quarter. 15.09% of the stock is owned by institutional investors.

Intercontinental Hotels Group Trading Up 0.4%

Shares of Intercontinental Hotels Group stock opened at $173.62 on Tuesday. Intercontinental Hotels Group has a twelve month low of $113.32 and a twelve month high of $175.89. The business’s 50 day simple moving average is $156.40 and its 200-day simple moving average is $144.74.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IHG shares. Jefferies Financial Group lifted 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. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein lifted 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.50.

Intercontinental Hotels Group Company 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.