Independent Advisor Alliance Trims Position in InterContinental Hotels Group PLC (NYSE:IHG)

Independent Advisor Alliance reduced its position in InterContinental Hotels Group PLC (NYSE:IHG) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,598 shares of the company’s stock after selling 309 shares during the period. Independent Advisor Alliance’s holdings in InterContinental Hotels Group were worth $1,060,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after purchasing an additional 106 shares during the period. Bank of New York Mellon Corp grew its holdings in InterContinental Hotels Group by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock valued at $1,337,000 after buying an additional 106 shares during the period. GAMMA Investing LLC increased its stake in shares of InterContinental Hotels Group by 15.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock valued at $107,000 after acquiring an additional 135 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of InterContinental Hotels Group by 0.6% during the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock valued at $3,056,000 after acquiring an additional 152 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of InterContinental Hotels Group by 7.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock worth $244,000 after acquiring an additional 154 shares during the period. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IHG. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Up 0.4 %

NYSE IHG opened at $125.78 on Wednesday. InterContinental Hotels Group PLC has a 1-year low of $77.84 and a 1-year high of $126.14. The business’s 50-day simple moving average is $114.21 and its 200-day simple moving average is $106.06.

InterContinental Hotels Group Company 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.