Quantbot Technologies LP Has $634,000 Position in Intercontinental Hotels Group $IHG

Quantbot Technologies LP lowered its holdings in Intercontinental Hotels Group (NYSE:IHG) by 76.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,231 shares of the company’s stock after selling 16,779 shares during the quarter. Quantbot Technologies LP’s holdings in Intercontinental Hotels Group were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IHG. JPMorgan Chase & Co. grew its stake in shares of Intercontinental Hotels Group by 125.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 451,823 shares of the company’s stock valued at $52,113,000 after purchasing an additional 251,647 shares during the period. Lazard Asset Management LLC lifted its position in shares of Intercontinental Hotels Group by 98.4% during the 2nd quarter. Lazard Asset Management LLC now owns 355,863 shares of the company’s stock worth $41,044,000 after buying an additional 176,502 shares during the period. Marshall Wace LLP boosted its stake in Intercontinental Hotels Group by 369.2% in the 2nd quarter. Marshall Wace LLP now owns 172,622 shares of the company’s stock valued at $19,910,000 after buying an additional 135,829 shares in the last quarter. ABC Arbitrage SA acquired a new stake in Intercontinental Hotels Group in the 2nd quarter valued at $11,987,000. Finally, Cubist Systematic Strategies LLC grew its position in Intercontinental Hotels Group by 137.6% in the second quarter. Cubist Systematic Strategies LLC now owns 134,489 shares of the company’s stock valued at $15,512,000 after acquiring an additional 77,883 shares during the period. Institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Trading Down 1.1%

Shares of IHG opened at $132.69 on Monday. The stock has a fifty day moving average price of $140.02 and a two-hundred day moving average price of $131.60. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $150.89.

Intercontinental Hotels Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 14th. Investors of record on Friday, April 10th will be issued a $1.259 dividend. This represents a dividend yield of 191.0%. The ex-dividend date of this dividend is Friday, April 10th.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Berenberg Bank raised Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Jefferies Financial Group raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, December 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Intercontinental Hotels Group

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.