The Elkfork Partners LLC Has $453,000 Position in InterContinental Hotels Group PLC (IHG)

The Elkfork Partners LLC Has $453,000 Position in InterContinental Hotels Group PLC (IHG)

Other large investors have also recently made changes to their positions in the company. Balasa Dinverno & Foltz LLC bought a new stake in InterContinental Hotels Group PLC during the third quarter valued at approximately $268,000. Riverhead Capital Management LLC boosted its stake in InterContinental Hotels Group PLC by 217.2% in the third quarter. Riverhead Capital Management LLC now owns 4,745 shares of the company’s stock valued at $198,000 after buying an additional 3,249 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of InterContinental Hotels Group PLC during the third quarter valued at about $265,000. HBK Investments L P raised its position in shares of InterContinental Hotels Group PLC by 30.8% in the third quarter. HBK Investments L P now owns 10,200 shares of the company’s stock valued at $425,000 after buying an additional 2,400 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of InterContinental Hotels Group PLC during the third quarter valued at about $223,000. 6.03% of the stock is owned by institutional investors and hedge funds.

Elkfork Partners LLC held its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,262 shares of the company’s stock at the end of the first quarter. Elkfork Partners LLC’s holdings in InterContinental Hotels Group PLC were worth $453,000 at the end of the most recent quarter.

InterContinental Hotels Group PLC (NYSE:IHG) opened at 57.66 on Monday. InterContinental Hotels Group PLC has a 12-month low of $36.19 and a 12-month high of $57.80. The stock has a market cap of $10.86 billion, a P/E ratio of 28.53 and a beta of 1.28. The company has a 50 day moving average of $54.86 and a 200-day moving average of $49.53.

IHG has been the subject of several research reports. Zacks Investment Research lowered shares of InterContinental Hotels Group PLC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Telsey Advisory Group raised their price objective on shares of InterContinental Hotels Group PLC from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Thursday, February 23rd. Finally, Barclays PLC lowered shares of InterContinental Hotels Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.67. About InterContinental Hotels Group PLC

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IHG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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