() saw a significant increase in short interest during the month of June. On June 30, there were 1,040,000 short shares, an increase of 11.7% compared to the total of 931 300 shares on June 15. The days-tocover ratio, based on an average trading volume 140,500 share, is currently 7.4 days. Short selling is currently 0.6% of shares.
InterContinental Hotels Group stock down 1.3 %
Trading at midday on Wednesday saw the stock drop $0.98 to $72.36. The stock traded 111,696 times its average daily volume of 167173. The company's fifty-day simple moving is $68.87, and its two hundred day simple moving is $68.27. A number of equity research analysts have commented on the stock. In a report published on Friday, 2nd June, the research firm cut shares of InterContinental Hotels Group down from a "buy" rating to a "hold". One analyst gave the stock a sell recommendation, nine others a hold recommendation and one a buy recommendation. According to data from MarketBeat.com the stock currently has an average rating 'Hold,' with an average price target of $5,466.67.
Inflows of Institutional Capital and Outflows
Recently, several hedge funds and institutional investors bought and sold the shares of this company. Advisor Partners II LLC increased its stake in InterContinental Hotels Group during the first quarter by 4.9%. Advisor Partners II LLC owns 4,514 of the company stock, worth $300,000. This is after adding 210 additional shares in the last quarter. Captrust Financial Advisors increased its stake in InterContinental Hotels Group in the first quarter by 22.0%. Captrust Financial Advisors owns 1,211 of the company’s shares valued at $83,000, after purchasing an additional 218 in the last quarter. Signaturefd LLC increased its stake in InterContinental Hotels Group in the fourth quarter by 4.1%. Signaturefd LLC owns 6,979 of the company’s shares valued at $407,00 after purchasing an additional 276 in the fourth quarter. State Street Corp increased its stake in InterContinental Hotels Group from 7.1% to $292,000 in the first quarter. State Street Corp owns 4,320 of the company’s shares valued at $292,000. This is after purchasing an additional 287 in the previous quarter. Advisor Group Holdings Inc. increased its stake in InterContinental Hotels Group in the first three months by 5.2%. Advisor Group Holdings Inc. owns 6,250 of the company’s shares valued at $413,000, after purchasing an additional 307 in the previous quarter. Institutional investors hold 5.41% the company's shares.
InterContinental Hotels Group Company profile
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InterContinental Hotels Group PLC is a hotel management company that owns and manages hotels throughout the Americas and Europe. It also has franchises and leases properties in Africa, Asia, Middle East and Greater China. The company operates under the brand names of Six Senses Hotels, Regent Hotels, InterContinental Hotels & Resorts and Vignette Collection. It also owns Kimpton Hotels & Restaurants.
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