ILG (NASDAQ:ILG) Downgraded to “Sell” at Zacks Investment Research

ILG (NASDAQ:ILG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, February 8th.

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. “

ILG has been the topic of several other research reports. Oppenheimer increased their price target on shares of ILG from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. BidaskClub cut shares of ILG from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. SunTrust Banks reaffirmed a “buy” rating and set a $30.00 price objective on shares of ILG in a research note on Friday, November 10th. Nomura raised their price objective on shares of ILG from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, ValuEngine raised shares of ILG from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight 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 $32.00.

ILG (ILG) opened at $31.37 on Thursday. ILG has a fifty-two week low of $18.06 and a fifty-two week high of $31.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.75 and a quick ratio of 1.07. The firm has a market cap of $3,749.97, a P/E ratio of 30.76 and a beta of 1.55.

Large investors have recently made changes to their positions in the company. Voya Investment Management LLC lifted its position in shares of ILG by 12.8% during the 2nd quarter. Voya Investment Management LLC now owns 53,119 shares of the business services provider’s stock valued at $1,460,000 after buying an additional 6,028 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of ILG during the 3rd quarter valued at approximately $20,235,000. State Street Corp lifted its position in shares of ILG by 2.0% during 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 buying an additional 53,621 shares in the last quarter. Shelton Capital Management purchased a new position in shares of ILG during the 2nd quarter valued at approximately $289,000. Finally, Davidson Kempner Capital Management LP lifted its position in shares of ILG by 308.3% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 816,601 shares of the business services provider’s stock valued at $22,440,000 after buying an additional 616,601 shares in the last quarter. Hedge funds and other institutional investors own 79.20% 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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