Callan Family Office LLC Makes New Investment in InterContinental Hotels Group PLC (NYSE:IHG)

Callan Family Office LLC acquired a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,915 shares of the company’s stock, valued at approximately $864,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in InterContinental Hotels Group by 5.8% during the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after acquiring an additional 351,723 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in InterContinental Hotels Group by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after acquiring an additional 73,361 shares in the last quarter. Raymond James Financial Inc. acquired a new position in InterContinental Hotels Group during the 4th quarter worth $13,796,000. ABC Arbitrage SA acquired a new position in InterContinental Hotels Group during the 4th quarter worth $11,846,000. Finally, World Investment Advisors LLC acquired a new position in InterContinental Hotels Group during the 3rd quarter worth $86,000. 15.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IHG shares. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Citigroup started coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They issued a “sell” rating for the company. Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Up 0.0 %

Shares of NYSE:IHG opened at $120.62 on Friday. The company has a market cap of $19.08 billion, a PE ratio of 21.39, a P/E/G ratio of 1.69 and a beta of 1.33. The company’s 50-day moving average price is $128.42 and its 200 day moving average price is $119.48. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week high of $137.25.

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.