The Manufacturers Life Insurance Company cut its holdings in ILG Inc. (NASDAQ:ILG) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,649 shares of the business services provider’s stock after selling 5,360 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of ILG worth $2,272,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. TIAA CREF Investment Management LLC increased its stake in ILG by 13.9% during the second quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock valued at $54,528,000 after acquiring an additional 241,774 shares during the period. Neuberger Berman Group LLC acquired a new stake in ILG during the second quarter valued at approximately $5,941,000. Voya Investment Management LLC boosted its holdings in ILG by 12.8% during the second quarter. Voya Investment Management LLC now owns 53,119 shares of the business services provider’s stock valued at $1,460,000 after purchasing an additional 6,028 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in ILG by 688.8% during the second quarter. Balyasny Asset Management LLC now owns 149,881 shares of the business services provider’s stock valued at $4,120,000 after purchasing an additional 130,881 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in ILG by 8.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 529,950 shares of the business services provider’s stock valued at $11,108,000 after purchasing an additional 42,805 shares in the last quarter. Institutional investors and hedge funds own 80.86% of the company’s stock.
Shares of ILG Inc. (NASDAQ ILG) opened at $29.11 on Tuesday. The company has a market cap of $3,610.00, a price-to-earnings ratio of 21.06 and a beta of 1.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.75 and a quick ratio of 1.07. ILG Inc. has a 1 year low of $17.56 and a 1 year high of $30.70.
ILG (NASDAQ:ILG) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The company had revenue of $446.00 million during the quarter, compared to analyst estimates of $429.56 million. ILG had a return on equity of 10.46% and a net margin of 7.04%. ILG’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. research analysts expect that ILG Inc. will post 1.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, December 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.06%. ILG’s dividend payout ratio is 59.41%.
ILG has been the topic of several recent analyst reports. Zacks Investment Research downgraded ILG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 26th. Instinet assumed coverage on ILG in a report on Friday, October 6th. They issued a “buy” rating and a $35.00 target price on the stock. BidaskClub upgraded shares of ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Nomura assumed coverage on shares of ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. upped 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. ILG currently has a consensus rating of “Buy” and a consensus price target of $30.50.
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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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