Vestmark Advisory Solutions Inc. Sells 2,472 Shares of Intercontinental Hotels Group $IHG

Vestmark Advisory Solutions Inc. lessened its holdings in Intercontinental Hotels Group (NYSE:IHG) by 39.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,854 shares of the company’s stock after selling 2,472 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Intercontinental Hotels Group were worth $445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brooklyn Investment Group boosted its stake in shares of Intercontinental Hotels Group by 219.5% during the first quarter. Brooklyn Investment Group now owns 246 shares of the company’s stock valued at $27,000 after purchasing an additional 169 shares during the period. Whittier Trust Co. lifted its holdings in Intercontinental Hotels Group by 186.3% during the 1st quarter. Whittier Trust Co. now owns 272 shares of the company’s stock valued at $30,000 after buying an additional 177 shares in the last quarter. Hilltop National Bank bought a new stake in Intercontinental Hotels Group during the 2nd quarter valued at about $41,000. Aviso Financial Inc. purchased a new stake in Intercontinental Hotels Group in the 1st quarter valued at about $66,000. Finally, SVB Wealth LLC bought a new position in Intercontinental Hotels Group in the 1st quarter worth about $76,000. 15.09% of the stock is currently owned by institutional investors.

Intercontinental Hotels Group Stock Down 0.4%

Shares of NYSE IHG opened at $131.25 on Wednesday. Intercontinental Hotels Group has a 12-month low of $94.78 and a 12-month high of $137.25. The stock’s fifty day simple moving average is $122.56 and its two-hundred day simple moving average is $119.29.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IHG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Wednesday, October 8th. Morgan Stanley raised Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 1st. Wall Street Zen lowered Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. upgraded Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a report on Friday, September 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intercontinental Hotels Group has an average 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.