Segall Bryant & Hamill LLC Decreases Stake in Intercontinental Hotels Group (NYSE:IHG)

Segall Bryant & Hamill LLC decreased its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 13.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,099 shares of the company’s stock after selling 11,401 shares during the period. Segall Bryant & Hamill LLC’s holdings in Intercontinental Hotels Group were worth $7,901,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Intercontinental Hotels Group by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,104 shares of the company’s stock worth $1,762,000 after acquiring an additional 502 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Intercontinental Hotels Group by 10.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,671 shares of the company’s stock valued at $2,707,000 after buying an additional 2,117 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Intercontinental Hotels Group during the fourth quarter valued at about $2,185,000. Raymond James Financial Inc. bought a new stake in Intercontinental Hotels Group in the fourth quarter valued at about $13,796,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Intercontinental Hotels Group in the fourth quarter valued at about $204,000. Institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Trading Down 1.1%

Shares of IHG stock opened at $116.42 on Friday. The stock has a 50 day moving average of $117.27 and a 200 day moving average of $118.11. The stock has a market cap of $18.00 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.68 and a beta of 1.33. Intercontinental Hotels Group has a twelve month low of $91.57 and a twelve month high of $137.25.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Hotels Group from a “sell” rating to a “hold” rating in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Hotels Group currently 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.