Intercontinental Hotels Group $IHG Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in Intercontinental Hotels Group (NYSE:IHG) by 11.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 37,185 shares of the company’s stock after selling 5,043 shares during the period. Segall Bryant & Hamill LLC’s holdings in Intercontinental Hotels Group were worth $4,963,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CCLA Investment Management acquired a new stake in shares of Intercontinental Hotels Group during the fourth quarter worth $114,306,000. Morgan Stanley increased its stake in Intercontinental Hotels Group by 3.9% in the fourth quarter. Morgan Stanley now owns 764,049 shares of the company’s stock valued at $107,601,000 after purchasing an additional 28,526 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Intercontinental Hotels Group by 1.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 710,121 shares of the company’s stock valued at $100,006,000 after purchasing an additional 9,235 shares during the last quarter. Bank of America Corp DE lifted its position in Intercontinental Hotels Group by 0.8% during the third quarter. Bank of America Corp DE now owns 501,692 shares of the company’s stock worth $60,835,000 after buying an additional 4,080 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Intercontinental Hotels Group by 3.9% in the 4th quarter. Natixis Advisors LLC now owns 465,747 shares of the company’s stock valued at $65,591,000 after buying an additional 17,503 shares during the period. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IHG. Sanford C. Bernstein increased their price objective on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the stock a “market perform” rating in a report on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Tuesday, May 26th. Jefferies Financial Group upped their price target on shares of Intercontinental Hotels Group from $160.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Zacks Research downgraded shares of Intercontinental Hotels Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Intercontinental Hotels Group has a consensus rating of “Moderate Buy” and a consensus price target of $174.50.

Intercontinental Hotels Group Trading Down 2.7%

Shares of NYSE:IHG opened at $157.91 on Tuesday. The stock has a 50-day simple moving average of $163.62 and a 200-day simple moving average of $148.62. Intercontinental Hotels Group has a 1 year low of $114.40 and a 1 year high of $175.89.

Intercontinental Hotels Group Company Profile

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.