Quantbot Technologies LP Sells 16,779 Shares of Intercontinental Hotels Group $IHG

Quantbot Technologies LP trimmed its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 76.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,231 shares of the company’s stock after selling 16,779 shares during the period. Quantbot Technologies LP’s holdings in Intercontinental Hotels Group were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IHG. Osaic Holdings Inc. increased its holdings in shares of Intercontinental Hotels Group by 1.3% in the second quarter. Osaic Holdings Inc. now owns 7,216 shares of the company’s stock valued at $827,000 after purchasing an additional 96 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in Intercontinental Hotels Group by 3.9% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,571 shares of the company’s stock valued at $297,000 after buying an additional 97 shares during the last quarter. King Luther Capital Management Corp boosted its position in Intercontinental Hotels Group by 6.1% in the 2nd quarter. King Luther Capital Management Corp now owns 2,044 shares of the company’s stock valued at $236,000 after buying an additional 118 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Intercontinental Hotels Group by 42.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock valued at $50,000 after buying an additional 129 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Intercontinental Hotels Group by 4.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 4,036 shares of the company’s stock worth $489,000 after acquiring an additional 182 shares during the last quarter. 15.09% of the stock is owned by institutional investors.

Intercontinental Hotels Group Stock Down 1.1%

IHG opened at $132.69 on Monday. The company has a fifty day moving average price of $140.02 and a two-hundred day moving average price of $131.60. Intercontinental Hotels Group has a 52 week low of $94.78 and a 52 week high of $150.89.

Intercontinental Hotels Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Friday, April 10th will be given a $1.259 dividend. This represents a dividend yield of 191.0%. The ex-dividend date is Friday, April 10th.

Analyst Upgrades and Downgrades

IHG has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Thursday, January 22nd. Berenberg Bank raised Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Jefferies Financial Group upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Intercontinental Hotels Group

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.