QRG Capital Management Inc. Has $2.68 Million Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

QRG Capital Management Inc. reduced its position in InterContinental Hotels Group PLC (NYSE:IHG) by 22.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,410 shares of the company’s stock after selling 6,250 shares during the period. QRG Capital Management Inc.’s holdings in InterContinental Hotels Group were worth $2,675,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Richardson Financial Services Inc. bought a new stake in InterContinental Hotels Group in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC acquired a new position in shares of InterContinental Hotels Group during the 4th quarter worth approximately $72,000. Assetmark Inc. raised its stake in InterContinental Hotels Group by 130.9% in the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock valued at $85,000 after acquiring an additional 436 shares during the period. World Investment Advisors LLC acquired a new stake in InterContinental Hotels Group during the 3rd quarter valued at $86,000. Finally, R Squared Ltd acquired a new stake in InterContinental Hotels Group during the 4th quarter valued at $89,000. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Up 0.1 %

Shares of InterContinental Hotels Group stock opened at $126.89 on Friday. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $137.25. The company has a 50-day simple moving average of $128.68 and a two-hundred day simple moving average of $118.51.

Analyst Ratings Changes

Several brokerages have recently weighed in on IHG. Citigroup assumed coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They issued a “sell” rating on the stock. 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. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.