Callan Family Office LLC Acquires New Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Callan Family Office LLC purchased a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,915 shares of the company’s stock, valued at approximately $864,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its position in shares of InterContinental Hotels Group by 5.8% during the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after buying an additional 351,723 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of InterContinental Hotels Group by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after buying an additional 73,361 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of InterContinental Hotels Group during the 4th quarter worth about $13,796,000. ABC Arbitrage SA bought a new stake in shares of InterContinental Hotels Group during the 4th quarter worth about $11,846,000. Finally, World Investment Advisors LLC bought a new stake in shares of InterContinental Hotels Group during the 3rd quarter worth about $86,000. 15.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on IHG shares. Citigroup started coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They set a “sell” rating on the stock. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Morgan Stanley downgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Finally, Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, InterContinental Hotels Group presently has an average rating of “Hold”.

InterContinental Hotels Group Price Performance

NYSE IHG opened at $120.62 on Friday. The company’s 50 day simple moving average is $128.42 and its 200 day simple moving average is $119.48. InterContinental Hotels Group PLC has a 12 month low of $91.57 and a 12 month high of $137.25. The company has a market capitalization of $19.08 billion, a P/E ratio of 21.39, a PEG ratio of 1.69 and a beta of 1.33.

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.