PNC Financial Services Group Inc. Has $319,000 Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

PNC Financial Services Group Inc. lifted its position in InterContinental Hotels Group PLC (NYSE:IHG) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,497 shares of the company’s stock after buying an additional 174 shares during the period. PNC Financial Services Group Inc.’s holdings in InterContinental Hotels Group were worth $319,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of InterContinental Hotels Group in the fourth quarter worth about $74,000. Parallel Advisors LLC raised its holdings in InterContinental Hotels Group by 15.8% during the 4th quarter. Parallel Advisors LLC now owns 828 shares of the company’s stock worth $75,000 after buying an additional 113 shares during the period. Blue Trust Inc. lifted its stake in InterContinental Hotels Group by 15,850.0% in the fourth quarter. Blue Trust Inc. now owns 957 shares of the company’s stock valued at $87,000 after buying an additional 951 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in shares of InterContinental Hotels Group in the fourth quarter valued at approximately $119,000. Finally, DGS Capital Management LLC bought a new stake in shares of InterContinental Hotels Group during the fourth quarter worth $215,000. Institutional investors and hedge funds own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock opened at $105.95 on Friday. The firm has a 50-day moving average of $101.63 and a 200-day moving average of $99.75. InterContinental Hotels Group PLC has a one year low of $67.09 and a one year high of $112.08.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IHG shares. Jefferies Financial Group downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Sanford C. Bernstein lowered InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, InterContinental Hotels Group presently has an average rating of “Hold”.

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.