SG Americas Securities LLC Lowers Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

SG Americas Securities LLC trimmed its stake in InterContinental Hotels Group PLC (NYSE:IHG – Get Rating) by 13.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 15,584 shares of the company’s stock after selling 2,391 shares during the period. SG Americas Securities LLC’s holdings in InterContinental Hotels Group were worth $1,072,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC boosted its position in InterContinental Hotels Group by 40.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 391,765 shares of the company’s stock valued at $25,546,000 after buying an additional 112,555 shares during the period. Marshall Wace LLP raised its holdings in shares of InterContinental Hotels Group by 116.6% in the 4th quarter. Marshall Wace LLP now owns 212,852 shares of the company’s stock valued at $13,879,000 after purchasing an additional 114,601 shares in the last quarter. Henry James International Management Inc. raised its holdings in shares of InterContinental Hotels Group by 0.5% in the 1st quarter. Henry James International Management Inc. now owns 103,587 shares of the company’s stock valued at $7,129,000 after purchasing an additional 536 shares in the last quarter. Northern Trust Corp raised its holdings in shares of InterContinental Hotels Group by 4.1% in the 4th quarter. Northern Trust Corp now owns 93,161 shares of the company’s stock valued at $6,075,000 after purchasing an additional 3,670 shares in the last quarter. Finally, Natixis Advisors L.P. raised its holdings in shares of InterContinental Hotels Group by 27.5% in the 4th quarter. Natixis Advisors L.P. now owns 78,955 shares of the company’s stock valued at $5,149,000 after purchasing an additional 17,011 shares in the last quarter. 14.30% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Stock Performance

NYSE:IHG opened at $60.31 on Friday. InterContinental Hotels Group PLC has a one year low of $51.28 and a one year high of $73.40. The firm has a 50-day simple moving average of $57.29 and a 200-day simple moving average of $63.29.

About InterContinental Hotels Group

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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, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.