2,094 Shares in InterContinental Hotels Group PLC (NYSE:IHG) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,094 shares of the company’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in InterContinental Hotels Group during the fourth quarter worth about $25,000. Assetmark Inc. grew its holdings in InterContinental Hotels Group by 130.9% during the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after acquiring an additional 436 shares in the last quarter. World Investment Advisors LLC acquired a new position in InterContinental Hotels Group during the 3rd quarter worth approximately $86,000. R Squared Ltd purchased a new stake in shares of InterContinental Hotels Group during the 4th quarter worth approximately $89,000. Finally, Transamerica Financial Advisors Inc. lifted its position in shares of InterContinental Hotels Group by 100,100.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock worth $111,000 after buying an additional 1,001 shares during the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Stock Down 1.0 %

NYSE:IHG opened at $134.99 on Friday. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week high of $137.25. The stock’s 50-day moving average is $128.49 and its two-hundred day moving average is $115.95.

Analysts Set New Price Targets

IHG has been the subject of several research reports. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Finally, Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, InterContinental Hotels Group presently has a consensus rating of “Hold”.

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.