Knights of Columbus Asset Advisors LLC Sells 96 Shares of Intercontinental Hotels Group (NYSE:IHG)

Knights of Columbus Asset Advisors LLC reduced its holdings in Intercontinental Hotels Group (NYSE:IHG) by 4.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,994 shares of the company’s stock after selling 96 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Intercontinental Hotels Group were worth $219,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Intercontinental Hotels Group by 4.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company’s stock worth $232,000 after purchasing an additional 96 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Intercontinental Hotels Group in the first quarter valued at about $276,000. Northern Trust Corp raised its position in shares of Intercontinental Hotels Group by 61.0% during the fourth quarter. Northern Trust Corp now owns 146,274 shares of the company’s stock worth $18,273,000 after acquiring an additional 55,404 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Intercontinental Hotels Group in the fourth quarter worth approximately $13,796,000. Finally, Cetera Investment Advisers boosted its holdings in Intercontinental Hotels Group by 27.5% in the fourth quarter. Cetera Investment Advisers now owns 11,593 shares of the company’s stock valued at $1,448,000 after acquiring an additional 2,498 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Hotels Group from a “sell” rating to a “hold” rating in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Hotels Group has an average rating of “Hold”.

Intercontinental Hotels Group Trading Up 1.1%

IHG stock opened at $118.33 on Friday. The firm has a market cap of $18.30 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The stock has a 50-day moving average price of $116.80 and a 200-day moving average price of $117.84. Intercontinental Hotels Group has a 1-year low of $91.57 and a 1-year high of $137.25.

Intercontinental Hotels Group Profile

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.