Landscape Capital Management L.L.C. Purchases New Position in InterContinental Hotels Group PLC (NYSE:IHG)

Landscape Capital Management L.L.C. acquired a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,170 shares of the company’s stock, valued at approximately $521,000.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of InterContinental Hotels Group by 6.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 48,358 shares of the company’s stock valued at $6,041,000 after buying an additional 2,945 shares during the period. O Shaughnessy Asset Management LLC grew its stake in InterContinental Hotels Group by 11.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,558 shares of the company’s stock valued at $2,818,000 after acquiring an additional 2,332 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of InterContinental Hotels Group by 241.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the company’s stock worth $15,965,000 after purchasing an additional 90,339 shares during the period. Okabena Investment Services Inc. lifted its holdings in shares of InterContinental Hotels Group by 11.8% during the 4th quarter. Okabena Investment Services Inc. now owns 19,274 shares of the company’s stock valued at $2,408,000 after purchasing an additional 2,037 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in InterContinental Hotels Group by 21.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 14,886 shares of the company’s stock worth $1,859,000 after purchasing an additional 2,650 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Trading Down 4.1 %

NYSE IHG opened at $101.20 on Monday. The firm has a market capitalization of $15.91 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.69 and a beta of 1.29. The firm’s fifty day moving average price is $122.76 and its two-hundred day moving average price is $121.10. InterContinental Hotels Group PLC has a 1 year low of $91.57 and a 1 year high of $137.25.

InterContinental Hotels Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be paid a $1.144 dividend. This is an increase from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, April 4th. InterContinental Hotels Group’s dividend payout ratio (DPR) is 39.36%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Citigroup started coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They issued a “sell” rating for the company. Finally, Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, InterContinental Hotels Group has a consensus rating of “Hold”.

InterContinental Hotels Group 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.