Intercontinental Hotels Group (NYSE:IHG) Short Interest Down 18.8% in February

Intercontinental Hotels Group (NYSE:IHG) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 634,389 shares, a decrease of 18.8% from the January 29th total of 781,640 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 269,682 shares, the short-interest ratio is currently 2.4 days. Based on an average trading volume of 269,682 shares, the short-interest ratio is currently 2.4 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Intercontinental Hotels Group Stock Up 1.1%

IHG traded up $1.42 during trading on Tuesday, reaching $135.20. The stock had a trading volume of 350,839 shares, compared to its average volume of 287,496. The business has a 50-day moving average of $140.74 and a 200-day moving average of $131.24. Intercontinental Hotels Group has a one year low of $94.78 and a one year high of $150.89.

Analysts Set New Price Targets

A number of research firms have recently commented on IHG. Berenberg Bank upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group raised Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Intercontinental Hotels Group

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.