Squarepoint Ops LLC Acquires New Shares in Intercontinental Hotels Group $IHG

Squarepoint Ops LLC bought a new stake in shares of Intercontinental Hotels Group (NYSE:IHG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,474 shares of the company’s stock, valued at approximately $1,900,000.

A number of other large investors have also recently made changes to their positions in the stock. Northern Trust Corp raised its stake in shares of Intercontinental Hotels Group by 3.2% during the 1st quarter. Northern Trust Corp now owns 150,918 shares of the company’s stock valued at $16,539,000 after purchasing an additional 4,644 shares during the period. Park Avenue Securities LLC bought a new position in Intercontinental Hotels Group in the 2nd quarter worth about $250,000. JPMorgan Chase & Co. grew its holdings in Intercontinental Hotels Group by 125.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 451,823 shares of the company’s stock valued at $52,113,000 after buying an additional 251,647 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Intercontinental Hotels Group during the second quarter valued at about $306,000. Finally, Zions Bancorporation National Association UT lifted its holdings in shares of Intercontinental Hotels Group by 101.7% in the second quarter. Zions Bancorporation National Association UT now owns 7,827 shares of the company’s stock worth $903,000 after buying an additional 3,947 shares in the last quarter. 15.09% of the stock is owned by institutional investors.

Intercontinental Hotels Group Stock Performance

Intercontinental Hotels Group stock opened at $140.47 on Friday. Intercontinental Hotels Group has a fifty-two week low of $94.78 and a fifty-two week high of $142.57. The firm’s fifty day moving average price is $129.00 and its 200-day moving average price is $122.40.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a report on Friday, September 26th. Morgan Stanley raised Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 1st. Finally, Wall Street Zen lowered Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Intercontinental Hotels Group

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.