ILG Inc. (ILG) is New Amsterdam Partners LLC NY’s Largest Position
New Amsterdam Partners LLC NY boosted its position in ILG Inc. (NASDAQ:ILG) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 642,284 shares of the business services provider’s stock after buying an additional 45,484 shares during the period. ILG accounts for 3.8% of New Amsterdam Partners LLC NY’s investment portfolio, making the stock its largest position. New Amsterdam Partners LLC NY’s holdings in ILG were worth $17,656,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. purchased a new position in ILG during the first quarter worth about $245,000. First Citizens Bank & Trust Co. purchased a new position in ILG during the first quarter worth about $206,000. Independent Portfolio Consultants Inc. purchased a new position in ILG during the first quarter worth about $983,000. Nationwide Fund Advisors increased its position in ILG by 9.8% in the first quarter. Nationwide Fund Advisors now owns 90,351 shares of the business services provider’s stock worth $1,894,000 after buying an additional 8,033 shares during the period. Finally, James Investment Research Inc. purchased a new position in ILG during the first quarter worth about $2,209,000. Hedge funds and other institutional investors own 81.97% of the company’s stock.
ILG Inc. (NASDAQ ILG) opened at 25.63 on Friday. The stock has a 50 day moving average price of $27.00 and a 200-day moving average price of $23.48. ILG Inc. has a 1-year low of $15.94 and a 1-year high of $28.99. The stock has a market capitalization of $3.20 billion, a P/E ratio of 24.67 and a beta of 1.47.
ILG (NASDAQ:ILG) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $450 million for the quarter, compared to analyst estimates of $432.86 million. ILG had a net margin of 7.32% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 51.5% compared to the same quarter last year. Equities research analysts expect that ILG Inc. will post $1.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, August 31st. ILG’s dividend payout ratio (DPR) is presently 57.69%.
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A number of research firms have recently issued reports on ILG. Zacks Investment Research upgraded ILG from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, July 5th. Imperial Capital raised their price target on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. CIBC raised their price target on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $26.00 price target (up from $22.00) on shares of ILG in a research note on Friday, April 21st. Seven research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $26.67.
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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