Palisade Capital Management LLC NJ Raises Stake in ILG Inc. (NASDAQ:ILG)

Palisade Capital Management LLC NJ increased its position in ILG Inc. (NASDAQ:ILG) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 533,269 shares of the business services provider’s stock after buying an additional 12,790 shares during the period. Palisade Capital Management LLC NJ owned approximately 0.43% of ILG worth $14,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ILG. Texas Permanent School Fund boosted its position in ILG by 1.1% in the second quarter. Texas Permanent School Fund now owns 77,430 shares of the business services provider’s stock worth $2,129,000 after buying an additional 806 shares during the period. State of New Jersey Common Pension Fund D boosted its position in ILG by 4.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 160,000 shares of the business services provider’s stock worth $4,398,000 after buying an additional 7,000 shares during the period. CIBC Asset Management Inc bought a new position in ILG during the second quarter worth approximately $239,000. Great West Life Assurance Co. Can boosted its position in ILG by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 157,507 shares of the business services provider’s stock worth $4,327,000 after buying an additional 5,885 shares during the period. Finally, Strs Ohio boosted its position in ILG by 103.7% in the second quarter. Strs Ohio now owns 11,001 shares of the business services provider’s stock worth $302,000 after buying an additional 5,600 shares during the period. 81.97% of the stock is owned by hedge funds and other institutional investors.

ILG Inc. (NASDAQ ILG) opened at 26.25 on Tuesday. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 10.87 and a beta of 1.47. ILG Inc. has a one year low of $15.94 and a one year high of $28.99. The company has a 50-day moving average of $27.35 and a 200-day moving average of $23.13.

ILG (NASDAQ:ILG) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The company had revenue of $450 million during the quarter, compared to analyst estimates of $432.86 million. The business’s revenue was up 51.5% compared to the same quarter last year. Equities research analysts expect that ILG Inc. will post $1.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Thursday, August 31st. ILG’s payout ratio is 57.69%.

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A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of ILG from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday. Imperial Capital increased their target price on shares of ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. CIBC increased their target price on shares of ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $26.00 target price (up previously from $22.00) on shares of ILG in a report on Friday, April 21st. Seven equities research analysts have rated the stock with a buy rating, ILG presently has an average rating of “Buy” and an average price target of $26.67.

About ILG

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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Institutional Ownership by Quarter for ILG (NASDAQ:ILG)

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