ILG Target of Unusually Large Options Trading (NASDAQ:ILG)

ILG Inc. (NASDAQ:ILG) was the recipient of some unusual options trading activity on Friday. Traders acquired 12,513 call options on the stock. This is an increase of 496% compared to the average daily volume of 2,100 call options.

A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of ILG from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research cut shares of ILG from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Nomura started coverage on shares of ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Instinet started coverage on shares of ILG in a report on Friday, October 6th. They issued a “buy” rating and a $35.00 price objective on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $29.29.

Shares of ILG (ILG) opened at 29.29 on Wednesday. ILG has a 1-year low of $15.94 and a 1-year high of $29.85. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 28.19 and a beta of 1.48. The company’s 50 day moving average is $26.90 and its 200-day moving average is $26.04.

ILG (NASDAQ:ILG) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $450.00 million for the quarter, compared to analyst estimates of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. ILG’s revenue for the quarter was up 51.5% on a year-over-year basis. Equities analysts anticipate that ILG will post $1.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were given a $0.15 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. ILG’s payout ratio is 57.69%.

A number of institutional investors and hedge funds have recently made changes to their positions in ILG. BlackRock Inc. boosted its position in shares of ILG by 10,793.0% in the 1st quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock worth $291,757,000 after purchasing an additional 13,791,920 shares during the last quarter. P2 Capital Partners LLC boosted its position in shares of ILG by 87.9% in the 1st quarter. P2 Capital Partners LLC now owns 4,375,000 shares of the business services provider’s stock worth $91,700,000 after purchasing an additional 2,046,821 shares during the last quarter. Corsair Capital Management L.P. bought a new position in shares of ILG in the 1st quarter worth $27,464,000. Dimensional Fund Advisors LP boosted its position in shares of ILG by 23.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock worth $99,078,000 after purchasing an additional 912,167 shares during the last quarter. Finally, Davidson Kempner Capital Management LP boosted its position in shares of ILG by 308.3% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 816,601 shares of the business services provider’s stock worth $22,440,000 after purchasing an additional 616,601 shares during the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.

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ILG Company Profile

ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.

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