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

by · The Cerbat Gem

InterContinental Hotels Group PLC (NYSE:IHG – Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,090,000 shares, an increase of 32.2% from the March 15th total of 824,400 shares. Based on an average trading volume of 244,200 shares, the short-interest ratio is presently 4.5 days. Currently, 0.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IHG. Citigroup initiated coverage on InterContinental Hotels Group in a report on Monday, February 24th. They set a “sell” rating for the company. Morgan Stanley cut shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on IHG

InterContinental Hotels Group Price Performance

Shares of InterContinental Hotels Group stock traded up $0.71 during midday trading on Friday, hitting $101.45. 322,417 shares of the company were exchanged, compared to its average volume of 187,118. The firm has a market cap of $15.94 billion, a P/E ratio of 17.99, a PEG ratio of 1.69 and a beta of 1.29. The firm has a 50 day simple moving average of $114.79 and a 200-day simple moving average of $120.20. InterContinental Hotels Group has a 52 week low of $91.57 and a 52 week high of $137.25.

InterContinental Hotels Group Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be issued a dividend of $1.144 per share. This is an increase from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, April 4th. InterContinental Hotels Group’s dividend payout ratio (DPR) is currently 39.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Independent Advisor Alliance lifted its position in InterContinental Hotels Group by 0.8% during the 4th quarter. Independent Advisor Alliance now owns 9,674 shares of the company’s stock worth $1,209,000 after buying an additional 76 shares in the last quarter. Denali Advisors LLC grew its holdings in InterContinental Hotels Group by 2.3% during the fourth quarter. Denali Advisors LLC now owns 3,870 shares of the company’s stock valued at $483,000 after purchasing an additional 87 shares during the period. Farther Finance Advisors LLC increased its position in shares of InterContinental Hotels Group by 67.3% in the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock valued at $31,000 after buying an additional 101 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of InterContinental Hotels Group by 3.2% in the fourth quarter. Moors & Cabot Inc. now owns 4,415 shares of the company’s stock worth $552,000 after acquiring an additional 136 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in InterContinental Hotels Group by 7.1% during the 4th quarter. Ballentine Partners LLC now owns 2,344 shares of the company’s stock worth $293,000 after buying an additional 156 shares during the period. 15.09% of the stock is owned by institutional investors and hedge funds.

InterContinental Hotels Group Company Profile

(Get Free Report)

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.

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