InterContinental Hotels Group (NYSE:IHG) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

InterContinental Hotels Group PLC (NYSE:IHG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $112.18 and traded as high as $127.86. InterContinental Hotels Group shares last traded at $126.77, with a volume of 159,453 shares changing hands.

Wall Street Analyst Weigh In

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

InterContinental Hotels Group Price Performance

The business’s 50 day moving average is $125.08 and its 200 day moving average is $112.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of 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 purchasing an additional 106 shares during the period. Envestnet Asset Management Inc. lifted its position in InterContinental Hotels Group by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock worth $6,179,000 after buying an additional 3,431 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of InterContinental Hotels Group by 8.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 50,094 shares of the company’s stock valued at $5,307,000 after buying an additional 4,087 shares during the period. Moors & Cabot Inc. grew its holdings in shares of InterContinental Hotels Group by 5.4% during the 2nd quarter. Moors & Cabot Inc. now owns 4,206 shares of the company’s stock valued at $446,000 after acquiring an additional 214 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of InterContinental Hotels Group by 46.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,762 shares of the company’s stock worth $1,776,000 after acquiring an additional 5,354 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

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.