Goldman Sachs Group Inc. boosted its stake in Intercontinental Hotels Group (NYSE:IHG – Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 710,121 shares of the company’s stock after buying an additional 9,235 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.47% of Intercontinental Hotels Group worth $100,006,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Intercontinental Hotels Group by 10.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 86,140 shares of the company’s stock valued at $10,445,000 after buying an additional 8,099 shares in the last quarter. Natixis Advisors LLC lifted its stake in Intercontinental Hotels Group by 9.0% in the 3rd quarter. Natixis Advisors LLC now owns 448,244 shares of the company’s stock valued at $54,354,000 after buying an additional 36,946 shares in the last quarter. CCLA Investment Management purchased a new position in Intercontinental Hotels Group in the 4th quarter valued at about $114,306,000. Optiver Holding B.V. lifted its stake in Intercontinental Hotels Group by 112.0% in the 3rd quarter. Optiver Holding B.V. now owns 51,306 shares of the company’s stock valued at $6,221,000 after buying an additional 27,102 shares in the last quarter. Finally, ABC Arbitrage SA lifted its stake in Intercontinental Hotels Group by 26.4% in the 3rd quarter. ABC Arbitrage SA now owns 131,377 shares of the company’s stock valued at $15,931,000 after buying an additional 27,450 shares in the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.
Intercontinental Hotels Group Price Performance
NYSE:IHG opened at $162.77 on Wednesday. The company’s 50-day moving average price is $147.35 and its 200-day moving average price is $141.11. Intercontinental Hotels Group has a twelve month low of $109.79 and a twelve month high of $165.63.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on IHG
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.
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