Zacks Investment Research Lowers InterContinental Hotels Group (NYSE:IHG) to Sell
According to Zacks, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. “
Other research analysts also recently issued research reports about the stock. UBS Group set a $54.00 price target on shares of Westlake Chemical and gave the stock a sell rating in a research note on Tuesday, July 2nd. Barclays downgraded shares of to an underweight rating and set a GBX 4,400 ($57.49) price target on the stock. in a research note on Tuesday, June 18th. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. InterContinental Hotels Group has an average rating of Hold.
Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of InterContinental Hotels Group by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 14,262 shares of the company’s stock valued at $778,000 after purchasing an additional 620 shares during the period. Advisor Group Inc. increased its position in shares of InterContinental Hotels Group by 6.4% in the fourth quarter. Advisor Group Inc. now owns 6,141 shares of the company’s stock valued at $336,000 after acquiring an additional 367 shares during the last quarter. NumerixS Investment Technologies Inc increased its position in shares of InterContinental Hotels Group by 1,100.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the company’s stock valued at $64,000 after acquiring an additional 1,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at about $1,595,000. Finally, Dimensional Fund Advisors LP increased its position in shares of InterContinental Hotels Group by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 145,600 shares of the company’s stock valued at $7,948,000 after acquiring an additional 3,373 shares during the last quarter. 7.85% of the stock is currently owned by institutional investors.
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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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