TIAA CREF Investment Management LLC Raises Position in ILG Inc. (ILG)
TIAA CREF Investment Management LLC boosted its holdings in ILG Inc. (NASDAQ:ILG) by 13.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,983,549 shares of the business services provider’s stock after acquiring an additional 241,774 shares during the period. TIAA CREF Investment Management LLC owned 1.59% of ILG worth $54,528,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of ILG. Creative Planning boosted its stake in shares of ILG by 6.3% during the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after purchasing an additional 316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ILG by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after purchasing an additional 550 shares during the last quarter. Strs Ohio boosted its stake in shares of ILG by 63.6% during the 1st quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after purchasing an additional 2,100 shares during the last quarter. Sei Investments Co. boosted its stake in shares of ILG by 33.2% during the 1st quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,701 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of ILG during the 2nd quarter worth about $239,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the stock. 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 note on Wednesday, July 5th. Imperial Capital raised their price target 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. Finally, BidaskClub raised shares of ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $27.00.
ILG Inc. (ILG) opened at 25.29 on Tuesday. ILG Inc. has a one year low of $15.94 and a one year high of $28.99. The stock’s 50 day moving average is $26.07 and its 200 day moving average is $24.82. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 24.34 and a beta of 1.48.
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 Zacks’ consensus estimate of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The firm had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $432.86 million. The company’s quarterly revenue was up 51.5% compared to the same quarter last year. On average, equities analysts forecast that ILG Inc. will post $1.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.60 annualized dividend and a yield of 2.37%. ILG’s dividend payout ratio (DPR) is presently 57.69%.
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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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