Rehmann Capital Advisory Group Sells 578 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Rehmann Capital Advisory Group decreased its position in InterContinental Hotels Group PLC (NYSE:IHG) by 16.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,991 shares of the company’s stock after selling 578 shares during the quarter. Rehmann Capital Advisory Group’s holdings in InterContinental Hotels Group were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in InterContinental Hotels Group by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock worth $1,337,000 after buying an additional 106 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of InterContinental Hotels Group by 0.6% in the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock worth $3,056,000 after acquiring an additional 152 shares in the last quarter. Ballentine Partners LLC grew its position in 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 last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in InterContinental Hotels Group by 1.6% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company’s stock valued at $1,269,000 after purchasing an additional 177 shares in the last quarter. Finally, MML Investors Services LLC raised its position in InterContinental Hotels Group by 3.2% in the 3rd quarter. MML Investors Services LLC now owns 6,792 shares of the company’s stock valued at $750,000 after purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

InterContinental Hotels Group Price Performance

Shares of NYSE:IHG opened at $127.83 on Friday. InterContinental Hotels Group PLC has a 1-year low of $87.06 and a 1-year high of $131.68. The business has a 50-day moving average price of $118.94 and a two-hundred day moving average price of $108.45.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IHG. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About InterContinental Hotels Group

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.