Gruss Capital Management LP Reduces Position in ILG Inc. (NASDAQ:ILG)

Gruss Capital Management LP lowered its stake in ILG Inc. (NASDAQ:ILG) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,300,000 shares of the business services provider’s stock after selling 480,000 shares during the quarter. ILG comprises approximately 3.0% of Gruss Capital Management LP’s holdings, making the stock its 9th largest holding. Gruss Capital Management LP owned 1.05% of ILG worth $34,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank bought a new stake in shares of ILG in the 3rd quarter worth about $128,000. Advisor Group Inc. grew its holdings in ILG by 28.0% during the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,119 shares during 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 valued at $146,000 after purchasing an additional 316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ILG by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 550 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in ILG during the 3rd quarter valued at about $215,000. Institutional investors and hedge funds own 80.27% of the company’s stock.

Several research firms have issued reports on ILG. BidaskClub raised shares of ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of ILG from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Nomura initiated coverage on shares of ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 price target for the company. Instinet initiated coverage on shares of ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Oppenheimer upped their price target on shares of ILG from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.50.

Shares of ILG Inc. (ILG) traded down $0.29 during trading on Friday, reaching $28.48. 550,587 shares of the company’s stock were exchanged, compared to its average volume of 933,121. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.75 and a quick ratio of 1.07. ILG Inc. has a twelve month low of $17.56 and a twelve month high of $30.70. The firm has a market cap of $3,568.86, a price-to-earnings ratio of 27.92 and a beta of 1.49.

ILG (NASDAQ:ILG) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The company had revenue of $446.00 million for the quarter, compared to analyst estimates of $429.56 million. ILG had a net margin of 7.04% and a return on equity of 10.46%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. equities research analysts anticipate that ILG Inc. will post 1.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th were paid a $0.15 dividend. The ex-dividend date was Monday, December 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.11%. ILG’s payout ratio is currently 58.82%.

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ILG 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.

Institutional Ownership by Quarter for ILG (NASDAQ:ILG)

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