InterContinental Hotels Group PLC (NYSE:IHG) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 211,700 shares, a decrease of 25.3% from the January 15th total of 283,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 155,700 shares, the short-interest ratio is currently 1.4 days.
A number of institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its stake in InterContinental Hotels Group by 2.3% during the third quarter. Parametric Portfolio Associates LLC now owns 403,889 shares of the company’s stock valued at $25,158,000 after buying an additional 9,126 shares during the last quarter. Credit Suisse AG bought a new position in InterContinental Hotels Group during the fourth quarter valued at approximately $23,739,000. Ferguson Wellman Capital Management Inc. lifted its stake in shares of InterContinental Hotels Group by 2.4% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 166,290 shares of the company’s stock valued at $11,419,000 after purchasing an additional 3,854 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of InterContinental Hotels Group by 8.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 161,740 shares of the company’s stock valued at $11,106,000 after purchasing an additional 12,163 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $3,008,000. 6.93% of the stock is owned by institutional investors.
IHG has been the subject of a number of research reports. Zacks Investment Research lowered InterContinental Hotels Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. ValuEngine raised InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 17th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold”.
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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
Further Reading: Google Finance Portfolio
Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.