R Squared Ltd Makes New Investment in InterContinental Hotels Group PLC (NYSE:IHG)

R Squared Ltd bought a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 710 shares of the company’s stock, valued at approximately $89,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IHG. Assetmark Inc. lifted its stake in shares of InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock valued at $85,000 after buying an additional 436 shares during the period. World Investment Advisors LLC bought a new stake in shares of InterContinental Hotels Group in the 3rd quarter worth approximately $86,000. Transamerica Financial Advisors Inc. lifted its position in shares of InterContinental Hotels Group by 100,100.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock worth $111,000 after acquiring an additional 1,001 shares during the period. GAMMA Investing LLC grew its holdings in shares of InterContinental Hotels Group by 40.7% during the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock worth $182,000 after purchasing an additional 422 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of InterContinental Hotels Group by 22.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company’s stock valued at $200,000 after purchasing an additional 330 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Finally, Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

InterContinental Hotels Group Stock Up 1.0 %

Shares of InterContinental Hotels Group stock opened at $135.44 on Friday. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month high of $136.58. The stock has a market capitalization of $21.46 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. The company has a 50-day simple moving average of $126.81 and a 200 day simple moving average of $113.98.

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.