Dimensional Fund Advisors LP Sells 6,860 Shares of Intercontinental Hotels Group $IHG

Dimensional Fund Advisors LP decreased its stake in Intercontinental Hotels Group (NYSE:IHG) by 3.9% during the 1st quarter, HoldingsChannel reports. The fund owned 170,999 shares of the company’s stock after selling 6,860 shares during the period. Dimensional Fund Advisors LP’s holdings in Intercontinental Hotels Group were worth $22,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its holdings in Intercontinental Hotels Group by 178.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company’s stock valued at $25,000 after purchasing an additional 116 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Intercontinental Hotels Group by 1,453.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 202 shares of the company’s stock worth $28,000 after purchasing an additional 189 shares during the period. Fifth Third Bancorp increased its holdings in shares of 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 period. Cullen Frost Bankers Inc. raised its position in shares of Intercontinental Hotels Group by 72.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 91 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Intercontinental Hotels Group by 525.6% during the fourth quarter. Global Retirement Partners LLC now owns 269 shares of the company’s stock valued at $38,000 after buying an additional 226 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Stock Performance

Shares of IHG stock opened at $159.32 on Friday. The firm has a fifty day moving average of $163.74 and a 200-day moving average of $149.06. Intercontinental Hotels Group has a 52-week low of $116.22 and a 52-week high of $175.89.

Wall Street Analysts Forecast Growth

IHG has been the topic of a number of recent research reports. Sanford C. Bernstein lifted their target price on Intercontinental Hotels Group from $141.00 to $154.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. Jefferies Financial Group upped their price target on Intercontinental Hotels Group from $160.00 to $195.00 and gave the company a “buy” rating in a report on Friday, June 26th. Zacks Research downgraded Intercontinental Hotels Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reissued 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, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.50.

Intercontinental Hotels Group 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.