InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Update

InterContinental Hotels Group PLC (NYSE:IHG) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 440,400 shares, an increase of 66.4% from the March 31st total of 264,700 shares. Based on an average daily volume of 181,800 shares, the short-interest ratio is currently 2.4 days. Approximately 0.3% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein lowered shares of InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a report on Wednesday, March 13th. StockNews.com lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Societe Generale lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Jefferies Financial Group lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, InterContinental Hotels Group has a consensus rating of “Hold”.

Hedge Funds Weigh In On InterContinental Hotels Group

Institutional investors have recently bought and sold shares of the stock. Aspen Investment Management Inc bought a new position in shares of InterContinental Hotels Group during the first quarter valued at approximately $257,000. Mitchell & Pahl Private Wealth LLC increased its stake in shares of InterContinental Hotels Group by 2.4% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 11,410 shares of the company’s stock valued at $1,206,000 after purchasing an additional 266 shares in the last quarter. Raymond James & Associates increased its stake in shares of InterContinental Hotels Group by 18.2% during the first quarter. Raymond James & Associates now owns 121,757 shares of the company’s stock valued at $12,865,000 after purchasing an additional 18,716 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of InterContinental Hotels Group during the first quarter valued at approximately $48,000. Finally, Ballentine Partners LLC bought a new position in shares of InterContinental Hotels Group during the first quarter valued at approximately $227,000. 15.09% of the stock is owned by institutional investors.

InterContinental Hotels Group Price Performance

IHG stock opened at $100.94 on Friday. InterContinental Hotels Group has a 1 year low of $65.22 and a 1 year high of $112.08. The firm has a 50-day moving average of $104.02 and a 200 day moving average of $91.67.

InterContinental Hotels Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 14th. Investors of record on Friday, April 5th will be paid a $1.04 dividend. This is an increase from InterContinental Hotels Group’s previous semi-annual dividend of $0.48. This represents a yield of 1.4%. The ex-dividend date is Thursday, April 4th.

InterContinental Hotels Group Company 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.