Yorktown Management & Research Co Inc Makes New Investment in InterContinental Hotels Group PLC (NYSE:IHG)

Yorktown Management & Research Co Inc acquired a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,750 shares of the company’s stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IHG. AQR Capital Management LLC raised its holdings in InterContinental Hotels Group by 8.7% during the 2nd quarter. AQR Capital Management LLC now owns 6,699 shares of the company’s stock worth $710,000 after buying an additional 538 shares during the period. Sanctuary Advisors LLC acquired a new stake in InterContinental Hotels Group during the 2nd quarter worth about $229,000. SG Americas Securities LLC raised its holdings in InterContinental Hotels Group by 1.3% during the 3rd quarter. SG Americas Securities LLC now owns 17,904 shares of the company’s stock worth $1,978,000 after buying an additional 232 shares during the period. Park Avenue Securities LLC increased its holdings in shares of InterContinental Hotels Group by 246.3% in the 3rd quarter. Park Avenue Securities LLC now owns 8,287 shares of the company’s stock valued at $916,000 after purchasing an additional 5,894 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in shares of InterContinental Hotels Group by 8.6% in the 3rd quarter. Ritholtz Wealth Management now owns 12,583 shares of the company’s stock valued at $1,390,000 after purchasing an additional 993 shares during the period. Institutional investors and hedge funds own 15.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Sanford C. Bernstein upgraded InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Finally, Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

InterContinental Hotels Group Price Performance

Shares of NYSE IHG opened at $133.81 on Wednesday. The business has a 50 day simple moving average of $127.37 and a 200 day simple moving average of $114.60. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $136.67.

InterContinental Hotels Group Company 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.