Advisory Services Network LLC lessened its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 6.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,728 shares of the company’s stock after selling 300 shares during the period. Advisory Services Network LLC’s holdings in InterContinental Hotels Group were worth $289,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Lindbrook Capital LLC acquired a new position in shares of InterContinental Hotels Group in the 4th quarter valued at $27,000. NumerixS Investment Technologies Inc increased its position in shares of InterContinental Hotels Group by 1,100.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the company’s stock valued at $64,000 after buying an additional 1,100 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of InterContinental Hotels Group in the 1st quarter valued at $210,000. GYL Financial Synergies LLC bought a new stake in shares of InterContinental Hotels Group in the 1st quarter valued at $237,000. Finally, Stevens Capital Management LP bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 7.85% of the company’s stock.
A number of research firms have issued reports on IHG. Barclays cut to an “underweight” rating and set a GBX 4,400 ($57.49) target price for the company. in a report on Tuesday, June 18th. UBS Group set a $54.00 price objective on Westlake Chemical and gave the company a “sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Six equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold”.
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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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