Massachusetts Financial Services Co. MA Has $5.02 Million Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Massachusetts Financial Services Co. MA lessened its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 9.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,413 shares of the company’s stock after selling 4,681 shares during the period. Massachusetts Financial Services Co. MA’s holdings in InterContinental Hotels Group were worth $5,018,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in InterContinental Hotels Group by 46.9% during the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock worth $35,000 after buying an additional 106 shares during the last quarter. Rothschild Investment LLC bought a new position in InterContinental Hotels Group during the second quarter worth $36,000. Transcendent Capital Group LLC bought a new position in InterContinental Hotels Group during the second quarter worth $50,000. EverSource Wealth Advisors LLC increased its stake in InterContinental Hotels Group by 65.2% in the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock valued at $48,000 after purchasing an additional 191 shares in the last quarter. Finally, Assetmark Inc. increased its stake in InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock valued at $85,000 after purchasing an additional 436 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

InterContinental Hotels Group Trading Up 0.4 %

Shares of NYSE IHG opened at $125.78 on Wednesday. The company has a 50-day moving average price of $114.21 and a 200-day moving average price of $106.06. InterContinental Hotels Group PLC has a 1 year low of $77.84 and a 1 year high of $126.14.

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 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.