Trillium Asset Management LLC Lowers Stock Position in Intercontinental Hotels Group $IHG

Trillium Asset Management LLC cut its position in shares of Intercontinental Hotels Group (NYSE:IHG) by 16.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,061 shares of the company’s stock after selling 8,747 shares during the quarter. Trillium Asset Management LLC’s holdings in Intercontinental Hotels Group were worth $6,786,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its holdings in Intercontinental Hotels Group by 178.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company’s stock worth $25,000 after buying an additional 116 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Intercontinental Hotels Group by 111.0% during the fourth quarter. Fifth Third Bancorp now owns 211 shares of the company’s stock worth $30,000 after buying an additional 111 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Intercontinental Hotels Group by 72.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock worth $30,000 after buying an additional 91 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Intercontinental Hotels Group by 525.6% during the fourth quarter. Global Retirement Partners LLC now owns 269 shares of the company’s stock worth $38,000 after buying an additional 226 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Intercontinental Hotels Group by 42.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock worth $50,000 after buying an additional 129 shares in the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IHG. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Tuesday, May 26th. Sanford C. Bernstein increased their price target on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the stock a “market perform” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Intercontinental Hotels Group Price Performance

IHG stock opened at $166.95 on Friday. The firm has a 50-day simple moving average of $149.26 and a 200-day simple moving average of $141.79. Intercontinental Hotels Group has a 52 week low of $109.79 and a 52 week high of $167.66.

About Intercontinental Hotels Group

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.