Massachusetts Financial Services Co. MA Invests $2.62 Million in InterContinental Hotels Group PLC (NYSE:IHG)

Massachusetts Financial Services Co. MA acquired a new stake in InterContinental Hotels Group PLC (NYSE:IHGFree Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 34,989 shares of the company’s stock, valued at approximately $2,615,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IHG. Advisor Group Holdings Inc. grew its position in InterContinental Hotels Group by 5.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,250 shares of the company’s stock valued at $413,000 after buying an additional 307 shares during the last quarter. US Bancorp DE grew its position in InterContinental Hotels Group by 7.9% in the 1st quarter. US Bancorp DE now owns 10,382 shares of the company’s stock valued at $715,000 after buying an additional 762 shares during the last quarter. Citigroup Inc. grew its position in InterContinental Hotels Group by 0.8% in the 1st quarter. Citigroup Inc. now owns 46,973 shares of the company’s stock valued at $3,233,000 after buying an additional 395 shares during the last quarter. BlackRock Inc. grew its position in InterContinental Hotels Group by 6.1% in the 1st quarter. BlackRock Inc. now owns 227,500 shares of the company’s stock valued at $15,657,000 after buying an additional 13,017 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new stake in InterContinental Hotels Group in the first quarter valued at $1,135,000. 5.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on IHG. Societe Generale downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Berenberg Bank downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, StockNews.com downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6,000.00.

Get Our Latest Research Report on IHG

InterContinental Hotels Group Stock Up 0.5 %

NYSE:IHG opened at $97.99 on Monday. InterContinental Hotels Group PLC has a 52-week low of $63.12 and a 52-week high of $98.01. The stock has a fifty day simple moving average of $91.81 and a 200-day simple moving average of $81.20.

InterContinental Hotels Group Profile

(Free Report)

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, avid, Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, and Candlewood Suites brand names.

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

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