Zacks Investment Research Downgrades ILG Inc. (ILG) to Sell

ILG Inc. (NASDAQ:ILG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

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. “

Several other research firms also recently weighed in on ILG. Instinet started coverage on shares of ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price target for the company. Nomura started coverage on shares of ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price target for the company. Finally, BidaskClub upgraded shares of ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $29.29.

ILG (NASDAQ:ILG) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. ILG had a net margin of 7.32% and a return on equity of 11.41%. The firm had revenue of $450.00 million during the quarter, compared to the consensus estimate of $432.86 million. The business’s revenue for the quarter was up 51.5% on a year-over-year basis.

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A number of hedge funds have recently added to or reduced their stakes in the business. Eaton Vance Management raised its holdings in ILG by 0.7% in the 2nd quarter. Eaton Vance Management now owns 10,172 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 67 shares during the last quarter. Alps Advisors Inc. raised its holdings in ILG by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 26,025 shares of the business services provider’s stock valued at $715,000 after acquiring an additional 68 shares during the last quarter. Creative Planning raised its holdings in ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after acquiring an additional 316 shares during the last quarter. Advisors Preferred LLC raised its holdings in ILG by 1.8% in the 2nd quarter. Advisors Preferred LLC now owns 17,970 shares of the business services provider’s stock valued at $493,000 after acquiring an additional 317 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in ILG by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 100,018 shares of the business services provider’s stock valued at $2,749,000 after acquiring an additional 354 shares during the last quarter. Institutional investors own 81.28% of the company’s stock.

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.

Analyst Recommendations for ILG (NASDAQ:ILG)

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