InterContinental Hotels Group (NYSE:IHG) Upgraded by Barclays to Overweight Rating

Barclays upgraded shares of InterContinental Hotels Group (NYSE:IHG) from an equal weight rating to an overweight rating in a research note published on Friday, MarketBeat.com reports.

Separately, The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, InterContinental Hotels Group currently has an average rating of “Hold”.

InterContinental Hotels Group Trading Up 0.5 %

IHG stock opened at $121.78 on Friday. The firm has a 50-day moving average of $112.11 and a two-hundred day moving average of $105.21. InterContinental Hotels Group has a 12 month low of $77.33 and a 12 month high of $122.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IHG. Y Intercept Hong Kong Ltd acquired a new stake in shares of InterContinental Hotels Group in the 3rd quarter valued at $519,000. MML Investors Services LLC increased its stake in InterContinental Hotels Group by 3.2% in the third quarter. MML Investors Services LLC now owns 6,792 shares of the company’s stock valued at $750,000 after purchasing an additional 212 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of InterContinental Hotels Group by 17.9% in the 3rd quarter. XTX Topco Ltd now owns 2,591 shares of the company’s stock valued at $286,000 after buying an additional 393 shares in the last quarter. Jane Street Group LLC boosted its stake in InterContinental Hotels Group by 120.2% in the third quarter. Jane Street Group LLC now owns 4,269 shares of the company’s stock valued at $472,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of InterContinental Hotels Group by 6.7% during the third quarter. Stifel Financial Corp now owns 17,581 shares of the company’s stock worth $1,943,000 after purchasing an additional 1,107 shares during the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

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.