Trillium Asset Management LLC Reduces Position in Intercontinental Hotels Group $IHG

Trillium Asset Management LLC lessened its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,061 shares of the company’s stock after selling 8,747 shares during the period. Trillium Asset Management LLC’s holdings in Intercontinental Hotels Group were worth $6,786,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its position in Intercontinental Hotels Group by 178.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company’s stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Fifth Third Bancorp grew its position in Intercontinental Hotels Group by 111.0% during the 4th quarter. Fifth Third Bancorp now owns 211 shares of the company’s stock worth $30,000 after purchasing an additional 111 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Intercontinental Hotels Group by 72.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 91 shares during the last quarter. Global Retirement Partners LLC grew its position in Intercontinental Hotels Group by 525.6% during the 4th quarter. Global Retirement Partners LLC now owns 269 shares of the company’s stock worth $38,000 after purchasing an additional 226 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Intercontinental Hotels Group by 42.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock worth $50,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Sanford C. Bernstein upped their price objective on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Intercontinental Hotels Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Intercontinental Hotels Group Stock Up 1.5%

IHG stock opened at $166.95 on Friday. The firm’s fifty day simple moving average is $149.26 and its 200-day simple moving average is $141.79. Intercontinental Hotels Group has a 12 month low of $109.79 and a 12 month high of $167.66.

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.