Intercontinental Hotels Group $IHG Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its holdings in shares of Intercontinental Hotels Group (NYSE:IHG) by 27.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,848 shares of the company’s stock after purchasing an additional 1,462 shares during the period. Atria Investments Inc’s holdings in Intercontinental Hotels Group were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Intercontinental Hotels Group by 4.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company’s stock valued at $232,000 after buying an additional 96 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Intercontinental Hotels Group by 3.2% in the 1st quarter. Northern Trust Corp now owns 150,918 shares of the company’s stock worth $16,539,000 after acquiring an additional 4,644 shares during the period. Park Avenue Securities LLC acquired a new stake in Intercontinental Hotels Group in the 2nd quarter valued at approximately $250,000. Callan Family Office LLC increased its holdings in shares of Intercontinental Hotels Group by 51.2% during the second quarter. Callan Family Office LLC now owns 9,068 shares of the company’s stock valued at $1,046,000 after purchasing an additional 3,071 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Intercontinental Hotels Group during the 2nd quarter valued at about $292,000. 15.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IHG shares. Morgan Stanley raised shares of Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a report on Friday, September 26th. Wall Street Zen cut Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Intercontinental Hotels Group Stock Performance

Intercontinental Hotels Group stock opened at $130.15 on Friday. Intercontinental Hotels Group has a 1-year low of $94.78 and a 1-year high of $137.25. The firm’s fifty day simple moving average is $122.15 and its 200-day simple moving average is $118.72.

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.