QRG Capital Management Inc. Buys 6,969 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

QRG Capital Management Inc. increased its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 49.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,135 shares of the company’s stock after acquiring an additional 6,969 shares during the period. QRG Capital Management Inc.’s holdings in InterContinental Hotels Group were worth $2,233,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. CIBC Private Wealth Group LLC grew its position in InterContinental Hotels Group by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 632,644 shares of the company’s stock worth $57,546,000 after acquiring an additional 185,045 shares during the last quarter. Natixis Advisors L.P. grew its position in InterContinental Hotels Group by 7.0% during the 4th quarter. Natixis Advisors L.P. now owns 617,076 shares of the company’s stock worth $56,265,000 after acquiring an additional 40,358 shares during the last quarter. Raymond James & Associates grew its position in InterContinental Hotels Group by 18.2% during the 1st quarter. Raymond James & Associates now owns 121,757 shares of the company’s stock worth $12,865,000 after acquiring an additional 18,716 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in InterContinental Hotels Group by 9.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 38,234 shares of the company’s stock worth $3,486,000 after buying an additional 3,245 shares in the last quarter. Finally, Scotia Capital Inc. lifted its holdings in InterContinental Hotels Group by 259.2% during the 4th quarter. Scotia Capital Inc. now owns 36,567 shares of the company’s stock worth $3,334,000 after buying an additional 26,386 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors.

InterContinental Hotels Group Stock Up 2.2 %

NYSE:IHG traded up $2.40 during trading hours on Tuesday, hitting $111.49. 80,990 shares of the stock were exchanged, compared to its average volume of 172,058. The company’s 50 day moving average is $102.96 and its two-hundred day moving average is $101.01. InterContinental Hotels Group PLC has a twelve month low of $70.06 and a twelve month high of $112.08.

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.