Moors & Cabot Inc. Has $274,000 Stake in InterContinental Hotels Group PLC (IHG)

Moors & Cabot Inc. cut its stake in InterContinental Hotels Group PLC (NYSE:IHG) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,451 shares of the company’s stock after selling 236 shares during the quarter. Moors & Cabot Inc.’s holdings in InterContinental Hotels Group were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of IHG. FMR LLC raised its stake in shares of InterContinental Hotels Group by 17.4% in the fourth quarter. FMR LLC now owns 6,848,786 shares of the company’s stock worth $373,875,000 after purchasing an additional 1,015,599 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of InterContinental Hotels Group in the first quarter worth approximately $9,436,000. Morgan Stanley raised its stake in shares of InterContinental Hotels Group by 254.9% in the third quarter. Morgan Stanley now owns 115,847 shares of the company’s stock worth $7,273,000 after purchasing an additional 83,204 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter worth approximately $2,374,000. Finally, GWM Advisors LLC purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter worth approximately $1,672,000. 8.01% of the stock is owned by hedge funds and other institutional investors.

Shares of IHG opened at $65.82 on Thursday. InterContinental Hotels Group PLC has a 12 month low of $50.84 and a 12 month high of $67.37.

A number of analysts recently commented on IHG shares. Bank of America reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, February 11th. Zacks Investment Research raised InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. InterContinental Hotels Group presently has a consensus rating of “Hold” and an average price target of $72.00.

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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.

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Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

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