Segall Bryant & Hamill LLC Decreases Stock Position in Intercontinental Hotels Group $IHG

Segall Bryant & Hamill LLC trimmed its holdings in shares of Intercontinental Hotels Group (NYSE:IHG) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,776 shares of the company’s stock after selling 4,323 shares during the period. Segall Bryant & Hamill LLC’s holdings in Intercontinental Hotels Group were worth $7,817,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IHG. JPMorgan Chase & Co. raised its position in Intercontinental Hotels Group by 125.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 451,823 shares of the company’s stock worth $52,113,000 after buying an additional 251,647 shares during the last quarter. Millennium Management LLC boosted its holdings in Intercontinental Hotels Group by 170.5% in the first quarter. Millennium Management LLC now owns 305,177 shares of the company’s stock worth $33,444,000 after purchasing an additional 192,342 shares during the last quarter. ABC Arbitrage SA bought a new stake in Intercontinental Hotels Group in the 2nd quarter worth approximately $11,987,000. Cubist Systematic Strategies LLC purchased a new stake in Intercontinental Hotels Group during the 1st quarter valued at $6,203,000. Finally, Natixis Advisors LLC boosted its stake in shares of Intercontinental Hotels Group by 2.8% in the 1st quarter. Natixis Advisors LLC now owns 717,617 shares of the company’s stock worth $78,644,000 after buying an additional 19,467 shares during the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Intercontinental Hotels Group Stock Up 4.7%

IHG opened at $130.54 on Monday. The company has a fifty day moving average of $123.40 and a 200 day moving average of $120.24. Intercontinental Hotels Group has a fifty-two week low of $94.78 and a fifty-two week high of $137.25.

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.