Comerica Bank cut its holdings in ILG Inc. (NASDAQ:ILG) by 25.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,260 shares of the business services provider’s stock after selling 28,864 shares during the period. Comerica Bank owned approximately 0.07% of ILG worth $2,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of ILG by 9.4% in the 3rd quarter. Rhumbline Advisers now owns 245,420 shares of the business services provider’s stock valued at $6,560,000 after buying an additional 21,139 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of ILG by 28.5% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 32,110 shares of the business services provider’s stock valued at $858,000 after buying an additional 7,120 shares during the period. Retirement Systems of Alabama acquired a new stake in shares of ILG in the 3rd quarter valued at about $3,662,000. YHB Investment Advisors Inc. grew its stake in shares of ILG by 20.9% in the 3rd quarter. YHB Investment Advisors Inc. now owns 12,285 shares of the business services provider’s stock valued at $328,000 after buying an additional 2,121 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of ILG by 35.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 49,374 shares of the business services provider’s stock valued at $1,320,000 after buying an additional 12,961 shares during the period. 80.33% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on ILG shares. Nomura raised their target price on ILG from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub upgraded ILG from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded ILG from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, August 23rd. Instinet began coverage on ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 target price for the company. Finally, SunTrust Banks reiterated a “buy” rating and set a $30.00 price target on shares of ILG in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $30.50.

ILG Inc. (ILG) opened at $28.08 on Thursday. The stock has a market capitalization of $3,504.35, a PE ratio of 20.93 and a beta of 1.53. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.75. ILG Inc. has a 12 month low of $17.56 and a 12 month high of $30.70.

ILG (NASDAQ:ILG) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $446.00 million for the quarter, compared to analyst estimates of $429.56 million. ILG had a net margin of 7.04% and a return on equity of 10.46%. ILG’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. equities research analysts expect that ILG Inc. will post 1.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. ILG’s dividend payout ratio (DPR) is currently 58.82%.

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ILG 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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Institutional Ownership by Quarter for ILG (NASDAQ:ILG)

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