Intercontinental Hotels Group (NYSE:IHG) Short Interest Down 37.4% in February

Intercontinental Hotels Group (NYSE:IHG) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 396,934 shares, a decrease of 37.4% from the February 12th total of 634,389 shares. Based on an average daily trading volume, of 371,814 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 371,814 shares, the short-interest ratio is presently 1.1 days.

Intercontinental Hotels Group Stock Down 1.6%

Shares of Intercontinental Hotels Group stock traded down $2.04 during trading hours on Friday, hitting $128.91. 139,438 shares of the company’s stock traded hands, compared to its average volume of 323,545. Intercontinental Hotels Group has a twelve month low of $94.78 and a twelve month high of $150.89. The stock has a 50 day simple moving average of $139.08 and a 200-day simple moving average of $131.96.

Intercontinental Hotels Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 14th. Shareholders of record on Friday, April 10th will be issued a dividend of $1.259 per share. The ex-dividend date is Friday, April 10th. This represents a yield of 191.0%.

Institutional Trading of Intercontinental Hotels Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in Intercontinental Hotels Group by 228.2% during the 1st quarter. Jones Financial Companies Lllp now owns 4,844 shares of the company’s stock valued at $531,000 after acquiring an additional 3,368 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Intercontinental Hotels Group by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 668,948 shares of the company’s stock worth $73,310,000 after purchasing an additional 16,461 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Intercontinental Hotels Group during the second quarter worth about $306,000. PNC Financial Services Group Inc. grew its stake in Intercontinental Hotels Group by 12.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,737 shares of the company’s stock worth $431,000 after purchasing an additional 421 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in Intercontinental Hotels Group by 17.2% in the second quarter. Fiera Capital Corp now owns 2,628 shares of the company’s stock valued at $303,000 after buying an additional 386 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

Wall Street Analysts Forecast Growth

IHG has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Thursday, January 22nd. Berenberg Bank upgraded Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Jefferies Financial Group raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently 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.