Intercontinental Hotels Group (NYSE:IHG) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Intercontinental Hotels Group (NYSE:IHG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $127.19 and traded as high as $135.65. Intercontinental Hotels Group shares last traded at $135.3450, with a volume of 222,966 shares trading hands.

Analyst Ratings Changes

IHG has been the subject of several research analyst reports. Jefferies Financial Group upgraded Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Friday, December 12th. Wall Street Zen lowered shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Berenberg Bank upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Thursday, January 22nd. Finally, Morgan Stanley upgraded Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Hotels Group presently has an average rating of “Moderate Buy”.

Intercontinental Hotels Group Stock Down 0.8%

The stock has a 50 day simple moving average of $137.54 and a 200 day simple moving average of $127.19.

Institutional Investors Weigh In On Intercontinental Hotels Group

Several large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its stake in Intercontinental Hotels Group by 1.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,216 shares of the company’s stock valued at $827,000 after purchasing an additional 96 shares during the period. Frank Rimerman Advisors LLC grew its holdings in shares of Intercontinental Hotels Group by 3.9% during the second quarter. Frank Rimerman Advisors LLC now owns 2,571 shares of the company’s stock valued at $297,000 after buying an additional 97 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Intercontinental Hotels Group by 4.6% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,503 shares of the company’s stock valued at $352,000 after buying an additional 109 shares in the last quarter. King Luther Capital Management Corp raised its position in Intercontinental Hotels Group by 6.1% during the second quarter. King Luther Capital Management Corp now owns 2,044 shares of the company’s stock valued at $236,000 after buying an additional 118 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Intercontinental Hotels Group by 42.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock worth $50,000 after acquiring an additional 129 shares in the last quarter. 15.09% of the stock is owned by institutional investors and hedge funds.

Intercontinental Hotels Group Company Profile

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.