LS Investment Advisors LLC Maintains Stake in ILG Inc. (ILG)
LS Investment Advisors LLC continued to hold its position in shares of ILG Inc. (NASDAQ:ILG) during the second quarter, Holdings Channel reports. The fund owned 3,861 shares of the business services provider’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in ILG were worth $106,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Strs Ohio boosted its position in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after buying an additional 2,100 shares during the last quarter. Sei Investments Co. boosted its position in shares of ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after buying an additional 1,701 shares during the last quarter. Creative Planning boosted its position in shares of ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after buying an additional 316 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of ILG during the first quarter worth about $205,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of ILG during the first quarter worth about $206,000. 81.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ILG Inc. (ILG) traded up 0.55% during trading on Friday, hitting $25.63. 1,107,295 shares of the stock were exchanged. The stock has a market cap of $3.20 billion, a P/E ratio of 24.67 and a beta of 1.47. The firm’s 50 day moving average price is $27.00 and its 200-day moving average price is $23.48. ILG Inc. has a 52 week low of $15.94 and a 52 week high of $28.99.
ILG (NASDAQ:ILG) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $432.86 million. ILG’s quarterly revenue was up 51.5% on a year-over-year basis. On average, analysts predict that ILG Inc. will post $1.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, August 31st. ILG’s dividend payout ratio is currently 57.69%.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/12/ls-investment-advisors-llc-maintains-stake-in-ilg-inc-ilg.html.
ILG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of ILG from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, July 5th. Imperial Capital lifted their price target on shares of ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 30th. CIBC lifted their price target on shares of ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $26.00 price target (up from $22.00) on shares of ILG in a research report on Friday, April 21st. Seven analysts have rated the stock with a buy rating, ILG currently has an average rating of “Buy” and an average target price 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.
Want to see what other hedge funds are holding ILG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ILG Inc. (NASDAQ:ILG).
Receive News & Ratings for ILG Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc. and related companies with MarketBeat.com's FREE daily email newsletter.