Tower Research Capital LLC TRC Has $28,000 Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Tower Research Capital LLC TRC lifted its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 557.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 447 shares of the company’s stock after purchasing an additional 379 shares during the quarter. Tower Research Capital LLC TRC’s holdings in InterContinental Hotels Group were worth $28,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of InterContinental Hotels Group by 1,426.7% during the third quarter. SG Americas Securities LLC now owns 32,729 shares of the company’s stock worth $2,039,000 after purchasing an additional 35,196 shares during the period. BB&T Securities LLC increased its stake in InterContinental Hotels Group by 12.5% during the 3rd quarter. BB&T Securities LLC now owns 7,050 shares of the company’s stock worth $439,000 after purchasing an additional 781 shares in the last quarter. KCS Wealth Advisory bought a new stake in InterContinental Hotels Group during the 3rd quarter worth approximately $49,000. FNY Investment Advisers LLC acquired a new stake in InterContinental Hotels Group during the 3rd quarter worth approximately $856,000. Finally, Quadrant Capital Group LLC raised its holdings in InterContinental Hotels Group by 18.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,235 shares of the company’s stock worth $257,000 after buying an additional 662 shares during the period. 7.05% of the stock is currently owned by institutional investors.

Shares of InterContinental Hotels Group stock opened at $63.49 on Friday. The firm has a market cap of $11.43 billion, a PE ratio of 21.97, a P/E/G ratio of 2.78 and a beta of 1.14. The business’s 50 day simple moving average is $61.30 and its 200 day simple moving average is $64.08. InterContinental Hotels Group PLC has a 52-week low of $50.97 and a 52-week high of $71.02.

Several research firms have recently weighed in on IHG. ValuEngine upgraded shares of InterContinental Hotels Group from a “sell” rating to a “hold” rating in a report on Sunday, November 17th. Zacks Investment Research raised shares of InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research report on Thursday. Berenberg Bank lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Deutsche Bank initiated coverage on shares of InterContinental Hotels Group in a research report on Friday, October 11th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lowered shares of InterContinental Hotels Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold”.

InterContinental Hotels Group 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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Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

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