ILG Inc. (ILG) Shares Bought by Creative Planning
Creative Planning increased its position in ILG Inc. (NASDAQ:ILG) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,325 shares of the business services provider’s stock after buying an additional 316 shares during the period. Creative Planning’s holdings in ILG were worth $146,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. raised its stake in shares of ILG by 8.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 29,950 shares of the business services provider’s stock valued at $823,000 after buying an additional 2,265 shares during the period. Piedmont Investment Advisors LLC raised its stake in shares of ILG by 151.6% in the first quarter. Piedmont Investment Advisors LLC now owns 78,011 shares of the business services provider’s stock valued at $1,635,000 after buying an additional 47,003 shares during the period. HighTower Advisors LLC raised its stake in shares of ILG by 13.4% in the first quarter. HighTower Advisors LLC now owns 61,589 shares of the business services provider’s stock valued at $1,284,000 after buying an additional 7,257 shares during the period. Credit Suisse AG raised its stake in shares of ILG by 14.2% in the first quarter. Credit Suisse AG now owns 191,115 shares of the business services provider’s stock valued at $4,006,000 after buying an additional 23,749 shares during the period. Finally, Gotham Asset Management LLC raised its stake in shares of ILG by 180.9% in the first quarter. Gotham Asset Management LLC now owns 140,962 shares of the business services provider’s stock valued at $2,955,000 after buying an additional 90,785 shares during the period. Hedge funds and other institutional investors own 81.97% of the company’s stock.
Shares of ILG Inc. (ILG) traded up 0.55% during mid-day trading on Friday, reaching $25.63. 1,107,295 shares of the company traded hands. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 24.67 and a beta of 1.47. ILG Inc. has a 52 week low of $15.94 and a 52 week high of $28.99. The firm has a 50-day moving average price of $27.00 and a 200 day moving average price of $23.48.
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, topping the Thomson Reuters’ 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 company had revenue of $450 million for the quarter, compared to the consensus estimate of $432.86 million. The company’s revenue for the quarter was up 51.5% on a year-over-year basis. On average, analysts anticipate that ILG Inc. will post $1.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be issued a $0.15 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.60 annualized dividend and a yield of 2.34%. ILG’s dividend payout ratio (DPR) is presently 57.69%.
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Several brokerages recently issued reports on ILG. Zacks Investment Research lowered shares of ILG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Imperial Capital boosted their target price on shares of ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 30th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $26.00 target price (up from $22.00) on shares of ILG in a research report on Friday, April 21st. Finally, CIBC boosted their target price on shares of ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Seven investment analysts have rated the stock with a buy rating, ILG presently has an average rating of “Buy” and a consensus 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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