ILG Inc. (NASDAQ:ILG) Stake Increased by Texas Permanent School Fund
Texas Permanent School Fund boosted its stake in ILG Inc. (NASDAQ:ILG) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 77,430 shares of the business services provider’s stock after buying an additional 806 shares during the period. Texas Permanent School Fund’s holdings in ILG were worth $2,129,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of ILG. BlackRock Inc. boosted its stake in ILG by 10,793.0% in the first quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock valued at $291,757,000 after buying an additional 13,791,920 shares in the last quarter. Vanguard Group Inc. boosted its stake in ILG by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,740,940 shares of the business services provider’s stock valued at $204,171,000 after buying an additional 247,902 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in ILG by 23.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock valued at $99,078,000 after buying an additional 912,167 shares in the last quarter. P2 Capital Partners LLC boosted its stake in ILG by 87.9% in the first quarter. P2 Capital Partners LLC now owns 4,375,000 shares of the business services provider’s stock valued at $91,700,000 after buying an additional 2,046,821 shares in the last quarter. Finally, State Street Corp boosted its stake in ILG by 5.6% in the first quarter. State Street Corp now owns 2,721,105 shares of the business services provider’s stock valued at $57,029,000 after buying an additional 145,154 shares in the last quarter. Institutional investors and hedge funds own 81.97% of the company’s stock.
ILG Inc. (ILG) opened at 25.49 on Friday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 24.53 and a beta of 1.47. The stock has a 50 day moving average of $27.07 and a 200-day moving average of $23.43. ILG Inc. has a one year low of $15.94 and a one year high of $28.99.
ILG (NASDAQ:ILG) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, beating 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 business had revenue of $450 million for the quarter, compared to the consensus estimate of $432.86 million. The business’s quarterly revenue was up 51.5% compared to the same quarter last year. On average, equities analysts predict that ILG Inc. will post $1.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, August 31st. ILG’s dividend payout ratio (DPR) is presently 57.69%.
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ILG has been the topic of several recent analyst reports. CIBC increased their target price on shares of ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Zacks Investment Research upgraded shares of ILG from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $26.00 target price (up from $22.00) on shares of ILG in a research note on Friday, April 21st. Finally, Imperial Capital increased their target price on shares of ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $26.67.
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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