Ritholtz Wealth Management Purchases New Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Ritholtz Wealth Management purchased a new stake in InterContinental Hotels Group PLC (NYSE:IHG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,031 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also recently modified their holdings of the company. Two Sigma Advisers LP lifted its position in shares of InterContinental Hotels Group by 77.7% in the 1st quarter. Two Sigma Advisers LP now owns 31,780 shares of the company’s stock valued at $1,340,000 after acquiring an additional 13,900 shares in the last quarter. Morgan Stanley lifted its position in InterContinental Hotels Group by 30.8% in the 1st quarter. Morgan Stanley now owns 199,076 shares of the company’s stock worth $8,391,000 after buying an additional 46,929 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of InterContinental Hotels Group by 37.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 222,964 shares of the company’s stock worth $9,891,000 after purchasing an additional 60,891 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of InterContinental Hotels Group by 444.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,934 shares of the company’s stock worth $124,000 after purchasing an additional 2,395 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of InterContinental Hotels Group by 74.5% during the 2nd quarter. Jane Street Group LLC now owns 633,216 shares of the company’s stock worth $28,089,000 after purchasing an additional 270,398 shares during the last quarter. Institutional investors and hedge funds own 4.38% of the company’s stock.

NYSE:IHG traded down $2.10 during midday trading on Monday, reaching $52.55. The stock had a trading volume of 6,910 shares, compared to its average volume of 352,285. InterContinental Hotels Group PLC has a 1-year low of $25.39 and a 1-year high of $69.12. The firm’s fifty day simple moving average is $54.63 and its 200-day simple moving average is $49.54. The stock has a market capitalization of $9.98 billion, a P/E ratio of 18.16, a PEG ratio of 31.91 and a beta of 1.31.

Several research analysts have recently commented on IHG shares. Morgan Stanley restated an “equal weight” rating on shares of InterContinental Hotels Group in a research note on Thursday, October 8th. Barclays restated an “overweight” rating on shares of InterContinental Hotels Group in a research note on Thursday, October 15th. BNP Paribas lowered shares of InterContinental Hotels Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 1st. ValuEngine upgraded shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of InterContinental Hotels Group in a research note on Wednesday, October 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.00.

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, 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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Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

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