InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Update

InterContinental Hotels Group PLC (NYSE:IHG) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 440,400 shares, an increase of 66.4% from the March 31st total of 264,700 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 181,800 shares, the short-interest ratio is presently 2.4 days.

InterContinental Hotels Group Stock Up 0.2 %

InterContinental Hotels Group stock opened at $100.94 on Friday. InterContinental Hotels Group has a 12 month low of $65.22 and a 12 month high of $112.08. The stock’s 50 day moving average is $104.02 and its 200-day moving average is $91.67.

InterContinental Hotels Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Friday, April 5th will be given a $1.04 dividend. This is an increase from InterContinental Hotels Group’s previous semi-annual dividend of $0.48. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 1.4%.

Hedge Funds Weigh In On InterContinental Hotels Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Aspen Investment Management Inc bought a new stake in shares of InterContinental Hotels Group in the first quarter valued at approximately $257,000. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of InterContinental Hotels Group by 2.4% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 11,410 shares of the company’s stock valued at $1,206,000 after buying an additional 266 shares during the period. Raymond James & Associates boosted its stake in shares of InterContinental Hotels Group by 18.2% in the first quarter. Raymond James & Associates now owns 121,757 shares of the company’s stock valued at $12,865,000 after buying an additional 18,716 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of InterContinental Hotels Group in the first quarter valued at approximately $48,000. Finally, Ballentine Partners LLC bought a new stake in shares of InterContinental Hotels Group in the first quarter valued at approximately $227,000. Institutional investors and hedge funds own 15.09% of the company’s stock.

Analysts Set New Price Targets

IHG has been the topic of a number of research reports. Sanford C. Bernstein lowered InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a report on Wednesday, March 13th. StockNews.com lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Societe Generale lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Jefferies Financial Group lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, InterContinental Hotels Group currently has a consensus rating of “Hold”.

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 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.