Segall Bryant & Hamill LLC Decreases Holdings in Intercontinental Hotels Group $IHG

Segall Bryant & Hamill LLC cut its stake in Intercontinental Hotels Group (NYSE:IHG) by 11.9% during the 1st quarter, HoldingsChannel reports. The firm owned 37,185 shares of the company’s stock after selling 5,043 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Intercontinental Hotels Group were worth $4,963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IHG. Brown Brothers Harriman & Co. grew its stake in shares of Intercontinental Hotels Group by 178.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company’s stock valued at $25,000 after buying an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Intercontinental Hotels Group by 1,453.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 202 shares of the company’s stock worth $28,000 after acquiring an additional 189 shares in the last quarter. Fifth Third Bancorp lifted its position in Intercontinental Hotels Group by 111.0% during the 4th quarter. Fifth Third Bancorp now owns 211 shares of the company’s stock worth $30,000 after acquiring an additional 111 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Intercontinental Hotels Group by 72.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock worth $30,000 after acquiring an additional 91 shares during the period. Finally, Global Retirement Partners LLC grew its position in Intercontinental Hotels Group by 525.6% in the fourth quarter. Global Retirement Partners LLC now owns 269 shares of the company’s stock valued at $38,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

Intercontinental Hotels Group Price Performance

Shares of IHG stock opened at $157.91 on Tuesday. The firm has a fifty day moving average of $163.62 and a two-hundred day moving average of $148.62. Intercontinental Hotels Group has a 1-year low of $114.40 and a 1-year high of $175.89.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Intercontinental Hotels Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Tuesday, May 26th. Jefferies Financial Group raised their price objective on Intercontinental Hotels Group from $160.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Sanford C. Bernstein upped their target price on Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.50.

Intercontinental Hotels Group Company Profile

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.