ILG (ILG) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of ILG (NASDAQ:ILG) from a buy rating to a hold rating in a report released 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 equities research analysts have also issued reports on ILG. ValuEngine upgraded shares of ILG from a hold rating to a buy rating in a research report on Sunday, December 31st. BidaskClub lowered shares of ILG from a buy rating to a hold rating in a research report on Friday, November 10th. Macquarie assumed coverage on shares of ILG in a research report on Friday, January 5th. They set a neutral rating for the company. Nomura assumed coverage on shares of ILG in a research report on Friday, October 6th. They set a buy rating and a $35.00 target price for the company. Finally, Oppenheimer lifted their target price on shares of ILG from $29.00 to $32.00 and gave the company an outperform rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. ILG has an average rating of Buy and a consensus target price of $31.00.

Shares of ILG (NASDAQ ILG) traded down $0.07 during trading hours on Tuesday, reaching $28.86. 596,234 shares of the company traded hands, compared to its average volume of 891,557. The stock has a market capitalization of $3,560.00, a PE ratio of 28.57 and a beta of 1.49. ILG has a 12 month low of $17.60 and a 12 month high of $30.70. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61.

ILG (NASDAQ:ILG) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $446.00 million for the quarter, compared to analysts’ expectations of $429.56 million. ILG had a net margin of 7.04% and a return on equity of 10.46%. ILG’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. equities analysts anticipate that ILG will post 1.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.08%. ILG’s payout ratio is 59.41%.

Several institutional investors and hedge funds have recently made changes to their positions in ILG. Schwab Charles Investment Management Inc. lifted its holdings in shares of ILG by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 558,383 shares of the business services provider’s stock worth $15,350,000 after acquiring an additional 28,433 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in ILG during the 2nd quarter valued at $5,941,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ILG by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after buying an additional 550 shares during the last quarter. Swiss National Bank raised its holdings in ILG by 1.6% during the 2nd quarter. Swiss National Bank now owns 201,187 shares of the business services provider’s stock valued at $5,531,000 after buying an additional 3,100 shares during the last quarter. Finally, Eaton Vance Management raised its holdings in ILG by 0.7% during the 2nd quarter. Eaton Vance Management now owns 10,172 shares of the business services provider’s stock valued at $280,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 80.27% of the company’s stock.

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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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