Lake Street Advisors Group LLC Sells 222 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Lake Street Advisors Group LLC lessened its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,131 shares of the company’s stock after selling 222 shares during the period. Lake Street Advisors Group LLC’s holdings in InterContinental Hotels Group were worth $391,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of InterContinental Hotels Group by 22.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company’s stock valued at $200,000 after acquiring an additional 330 shares during the last quarter. QRG Capital Management Inc. grew its stake in InterContinental Hotels Group by 0.6% in the third quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock valued at $3,056,000 after purchasing an additional 152 shares in the last quarter. Assetmark Inc. increased its position in shares of InterContinental Hotels Group by 130.9% during the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of InterContinental Hotels Group by 86.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 32,392 shares of the company’s stock worth $3,579,000 after purchasing an additional 15,031 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of InterContinental Hotels Group in the 3rd quarter valued at approximately $399,000. Institutional investors and hedge funds own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

NYSE:IHG opened at $126.84 on Friday. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.69 and a beta of 1.32. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week high of $137.25. The stock has a fifty day moving average price of $128.66 and a 200-day moving average price of $118.11.

Analyst Ratings Changes

Several research analysts have recently weighed in on IHG shares. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Citigroup initiated coverage on InterContinental Hotels Group in a research report on Monday. They issued a “sell” rating for the company. Finally, Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 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.