ProShare Advisors LLC lessened its position in shares of ILG Inc. (NASDAQ:ILG) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,983 shares of the business services provider’s stock after selling 4,509 shares during the period. ProShare Advisors LLC’s holdings in ILG were worth $302,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of ILG. TIAA CREF Investment Management LLC boosted its position in shares of ILG by 13.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock worth $54,528,000 after buying an additional 241,774 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of ILG in the second quarter worth about $5,941,000. Schwab Charles Investment Management Inc. boosted its position in shares of ILG by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 529,950 shares of the business services provider’s stock worth $11,108,000 after buying an additional 42,805 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of ILG by 73.2% in the first quarter. UBS Asset Management Americas Inc. now owns 68,212 shares of the business services provider’s stock worth $1,430,000 after buying an additional 28,825 shares during the period. Finally, Credit Suisse AG boosted its position in shares of ILG by 14.2% in the first quarter. Credit Suisse AG now owns 191,115 shares of the business services provider’s stock worth $4,006,000 after buying an additional 23,749 shares during the period. 81.28% of the stock is owned by hedge funds and other institutional investors.
ILG Inc. (NASDAQ ILG) opened at 29.12 on Wednesday. ILG Inc. has a one year low of $15.94 and a one year high of $29.85. The stock has a market cap of $3.64 billion, a P/E ratio of 28.03 and a beta of 1.48. The company has a 50-day moving average price of $26.65 and a 200-day moving average price of $25.83.
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, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $450.00 million for the quarter, compared to the consensus estimate of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The firm’s quarterly revenue was up 51.5% on a year-over-year basis. On average, analysts anticipate that ILG Inc. will post $1.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, August 31st. ILG’s dividend payout ratio is currently 57.69%.
Several equities research analysts have recently weighed in on ILG shares. Zacks Investment Research raised ILG from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, July 5th. BidaskClub raised ILG from a “hold” rating to a “buy” rating in a research report on Wednesday. Instinet started coverage on ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Nomura started coverage on ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 target price for the company. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.29.
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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