InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Update

InterContinental Hotels Group PLC (NYSE:IHG) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 426,000 shares, a growth of 14.7% from the July 15th total of 371,400 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 193,900 shares, the days-to-cover ratio is currently 2.2 days.

InterContinental Hotels Group Stock Performance

Shares of NYSE IHG traded down $0.26 during mid-day trading on Friday, hitting $96.27. 106,459 shares of the stock were exchanged, compared to its average volume of 181,904. The company has a market cap of $15.56 billion, a P/E ratio of 19.77, a PEG ratio of 1.51 and a beta of 1.33. InterContinental Hotels Group has a twelve month low of $70.06 and a twelve month high of $112.08. The stock’s fifty day simple moving average is $102.75 and its two-hundred day simple moving average is $102.16.

InterContinental Hotels Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, August 30th will be paid a $0.532 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 1.6%. This is a positive change from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. InterContinental Hotels Group’s payout ratio is currently 21.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IHG. CIBC Private Wealth Group LLC boosted its holdings in InterContinental Hotels Group by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 632,644 shares of the company’s stock valued at $57,546,000 after acquiring an additional 185,045 shares during the last quarter. Natixis Advisors L.P. lifted its position in InterContinental Hotels Group by 7.0% in the 4th quarter. Natixis Advisors L.P. now owns 617,076 shares of the company’s stock valued at $56,265,000 after acquiring an additional 40,358 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of InterContinental Hotels Group in the 2nd quarter valued at about $3,892,000. Scotia Capital Inc. grew its holdings in shares of InterContinental Hotels Group by 259.2% during the fourth quarter. Scotia Capital Inc. now owns 36,567 shares of the company’s stock worth $3,334,000 after buying an additional 26,386 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in InterContinental Hotels Group during the 4th quarter worth approximately $2,206,000. 15.09% of the stock is owned by institutional investors.

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.