Zacks Investment Research upgraded shares of ILG (NASDAQ:ILG) from a sell rating to a hold rating in a research note published on Wednesday, November 15th.
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “
Several other research analysts have also recently issued reports on ILG. BidaskClub cut ILG from a buy rating to a hold rating in a research note on Friday, November 10th. Oppenheimer upped their target price on ILG from $29.00 to $32.00 and gave the stock an outperform rating in a report on Wednesday, November 8th. Nomura started coverage on ILG in a report on Friday, October 6th. They set a buy rating and a $35.00 target price for the company. Instinet started coverage on ILG in a report on Friday, October 6th. They set a buy rating and a $35.00 target price for the company. Finally, SunTrust Banks restated a buy rating and set a $30.00 target price on shares of ILG in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $30.50.
Shares of ILG (NASDAQ:ILG) traded up $0.05 during trading hours on Wednesday, reaching $28.14. The company had a trading volume of 575,398 shares, compared to its average volume of 1,193,984. ILG has a 52 week low of $17.56 and a 52 week high of $30.70. The company has a market capitalization of $3,484.51, a PE ratio of 20.81 and a beta of 1.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.75.
ILG (NASDAQ:ILG) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The firm had revenue of $446.00 million during the quarter, compared to the consensus estimate of $429.56 million. During the same period last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. sell-side analysts anticipate that ILG will post 1.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, December 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.13%. ILG’s dividend payout ratio is currently 58.82%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of ILG by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,624,637 shares of the business services provider’s stock valued at $150,348,000 after purchasing an additional 241,331 shares during the last quarter. State Street Corp increased its position in shares of ILG by 2.0% in the 2nd quarter. State Street Corp now owns 2,774,726 shares of the business services provider’s stock valued at $76,278,000 after acquiring an additional 53,621 shares during the period. Northern Trust Corp increased its position in shares of ILG by 8.5% in the 2nd quarter. Northern Trust Corp now owns 2,253,551 shares of the business services provider’s stock valued at $61,950,000 after acquiring an additional 175,908 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of ILG by 13.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock valued at $54,528,000 after acquiring an additional 241,774 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in shares of ILG by 58.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,602,542 shares of the business services provider’s stock valued at $42,836,000 after acquiring an additional 593,564 shares during the period. Hedge funds and other institutional investors own 80.30% 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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