Fisher Asset Management LLC Decreases Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Fisher Asset Management LLC reduced its stake in InterContinental Hotels Group PLC (NYSE:IHG) by 9.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 17,164 shares of the company’s stock after selling 1,837 shares during the quarter. Fisher Asset Management LLC’s holdings in InterContinental Hotels Group were worth $1,896,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in InterContinental Hotels Group in the second quarter valued at about $3,892,000. Natixis Advisors LLC grew its holdings in InterContinental Hotels Group by 2.8% during the second quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock valued at $77,984,000 after purchasing an additional 20,280 shares during the period. Mediolanum International Funds Ltd purchased a new stake in InterContinental Hotels Group in the third quarter worth $1,699,000. Crossmark Global Holdings Inc. raised its stake in shares of InterContinental Hotels Group by 86.6% in the third quarter. Crossmark Global Holdings Inc. now owns 32,392 shares of the company’s stock valued at $3,579,000 after buying an additional 15,031 shares during the period. Finally, Capital Wealth Planning LLC lifted its position in shares of InterContinental Hotels Group by 125.2% during the 2nd quarter. Capital Wealth Planning LLC now owns 24,257 shares of the company’s stock valued at $2,570,000 after buying an additional 13,487 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IHG. The Goldman Sachs Group raised InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

InterContinental Hotels Group Trading Up 0.2 %

NYSE:IHG opened at $126.27 on Friday. The business’s fifty day moving average is $115.38 and its 200 day moving average is $106.52. InterContinental Hotels Group PLC has a 52-week low of $77.84 and a 52-week high of $126.94.

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.