HighTower Advisors LLC lessened its stake in ILG Inc. (NASDAQ:ILG) by 14.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,765 shares of the business services provider’s stock after selling 8,824 shares during the period. HighTower Advisors LLC’s holdings in ILG were worth $1,447,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Eaton Vance Management grew its holdings in ILG by 0.7% during the 2nd quarter. Eaton Vance Management now owns 10,172 shares of the business services provider’s stock worth $280,000 after acquiring an additional 67 shares in the last quarter. Alps Advisors Inc. grew its holdings in 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 acquiring an additional 68 shares in the last quarter. Creative Planning grew its holdings in ILG by 6.3% during the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after acquiring an additional 316 shares in the last quarter. Advisors Preferred LLC grew its holdings in ILG by 1.8% during the 2nd quarter. Advisors Preferred LLC now owns 17,970 shares of the business services provider’s stock worth $493,000 after acquiring an additional 317 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in ILG by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 100,018 shares of the business services provider’s stock worth $2,749,000 after acquiring an additional 354 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors.
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ILG Inc. (NASDAQ ILG) opened at 29.12 on Wednesday. The firm’s 50-day moving average is $26.65 and its 200 day moving average is $25.83. ILG Inc. has a one year low of $15.94 and a one year high of $29.85. The company has a market capitalization of $3.64 billion, a PE ratio of 28.03 and a beta of 1.48.
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 company had revenue of $450.00 million for the quarter, compared to analyst estimates of $432.86 million. ILG had a net margin of 7.32% and a return on equity of 11.41%. ILG’s revenue for the quarter was up 51.5% compared to the same quarter last year. On average, equities analysts expect that ILG Inc. will post $1.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.06%. ILG’s dividend payout ratio (DPR) is presently 57.69%.
Several brokerages have issued reports on ILG. BidaskClub upgraded shares of ILG from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research cut shares of ILG from a “hold” rating to a “sell” rating in a report on Tuesday. Instinet began coverage on shares of ILG in a report on Friday, October 6th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Nomura began coverage on shares of ILG in a report on Friday, October 6th. They set a “buy” rating and a $35.00 target price on the stock. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $29.29.
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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