Assetmark Inc. Buys 436 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Assetmark Inc. lifted its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 130.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 769 shares of the company’s stock after acquiring an additional 436 shares during the period. Assetmark Inc.’s holdings in InterContinental Hotels Group were worth $85,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in InterContinental Hotels Group during the 2nd quarter valued at approximately $3,892,000. Natixis Advisors LLC raised its holdings in InterContinental Hotels Group by 2.8% in the 2nd quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock valued at $77,984,000 after acquiring an additional 20,280 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in InterContinental Hotels Group in the 3rd quarter valued at approximately $1,699,000. Capital Wealth Planning LLC raised its holdings in InterContinental Hotels Group by 125.2% in the 2nd quarter. Capital Wealth Planning LLC now owns 24,257 shares of the company’s stock valued at $2,570,000 after acquiring an additional 13,487 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in InterContinental Hotels Group in the 2nd quarter valued at approximately $1,148,000. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Price Performance

Shares of IHG opened at $121.20 on Monday. InterContinental Hotels Group PLC has a 1 year low of $74.82 and a 1 year high of $122.78. The stock has a 50 day simple moving average of $111.70 and a 200-day simple moving average of $105.05.

Wall Street Analyst Weigh In

Several equities analysts have commented on IHG shares. The Goldman Sachs Group raised InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock 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.