Zacks Investment Research upgraded shares of ILG Inc. (NASDAQ:ILG) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.
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 issued reports on ILG. Oppenheimer Holdings, Inc. upped their price objective on ILG from $29.00 to $32.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. Instinet initiated coverage on ILG in a research note on Friday, October 6th. They issued a buy rating and a $35.00 price objective for the company. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $30.00 price objective on shares of ILG in a research note on Friday, November 10th. Nomura upped their price objective on ILG from $35.00 to $38.00 and gave the company a buy rating in a research note on Wednesday, November 8th. Finally, BidaskClub downgraded ILG from a buy rating to a hold rating in a research note on Friday, November 10th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. ILG presently has an average rating of Buy and an average price target of $30.50.
ILG (NASDAQ:ILG) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $446.00 million during the quarter, compared to the consensus estimate of $429.56 million. ILG had a return on equity of 10.46% and a net margin of 7.04%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. sell-side analysts forecast that ILG will post 1.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Monday, December 4th. ILG’s dividend payout ratio is presently 58.82%.
A number of large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in shares of ILG during the 3rd quarter worth approximately $20,235,000. Dimensional Fund Advisors LP grew its position in shares of ILG by 13.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,383,306 shares of the business services provider’s stock worth $147,987,000 after buying an additional 656,276 shares during the period. Davidson Kempner Capital Management LP grew 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 worth $22,440,000 after buying an additional 616,601 shares during the period. Alyeska Investment Group L.P. grew its position in shares of ILG by 58.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,602,542 shares of the business services provider’s stock worth $42,836,000 after buying an additional 593,564 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of ILG during the 2nd quarter worth approximately $9,956,000. 80.86% of the stock is owned by institutional investors and hedge funds.
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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