Virginia Retirement Systems ET AL reduced its position in ILG Inc. (NASDAQ:ILG) by 0.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,600 shares of the business services provider’s stock after selling 200 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in ILG were worth $676,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ILG. Alps Advisors Inc. boosted its position in shares of ILG by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 26,025 shares of the business services provider’s stock worth $715,000 after purchasing an additional 68 shares in the last quarter. Creative Planning raised its stake in ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 316 shares during the last quarter. Advisors Preferred LLC raised its stake in ILG by 1.8% in the 2nd quarter. Advisors Preferred LLC now owns 17,970 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 317 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in ILG by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 100,018 shares of the business services provider’s stock valued at $2,749,000 after purchasing an additional 354 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in ILG by 2.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,306 shares of the business services provider’s stock valued at $556,000 after purchasing an additional 400 shares during the last quarter. 80.64% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on ILG. BidaskClub raised shares of ILG from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of ILG from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, August 23rd. Finally, Imperial Capital upped their price objective on shares of ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 30th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. ILG presently has a consensus rating of “Buy” and a consensus price target of $27.00.
ILG Inc. (ILG) opened at 26.45 on Thursday. ILG Inc. has a 1-year low of $15.94 and a 1-year high of $28.99. The stock has a market capitalization of $3.30 billion, a PE ratio of 25.46 and a beta of 1.48. The stock’s 50 day moving average price is $26.18 and its 200 day moving average price is $24.62.
ILG (NASDAQ:ILG) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (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 the consensus estimate of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The business’s quarterly revenue was up 51.5% compared to the same quarter last year. Equities research analysts forecast that ILG Inc. will post $1.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, August 31st. ILG’s dividend payout ratio is currently 57.69%.
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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