Nisa Investment Advisors LLC boosted its position in shares of ILG Inc. (NASDAQ:ILG) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 20,306 shares of the business services provider’s stock after buying an additional 400 shares during the period. Nisa Investment Advisors LLC’s holdings in ILG were worth $556,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ILG. Creative Planning increased its position in ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after buying an additional 316 shares during the period. Strs Ohio increased its position in ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after buying an additional 2,100 shares during the period. Sei Investments Co. increased its position in ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,701 shares during the period. Ameritas Investment Partners Inc. bought a new position in ILG during the first quarter valued at approximately $205,000. Finally, First Citizens Bank & Trust Co. bought a new position in ILG during the first quarter valued at approximately $206,000. 81.97% of the stock is currently owned by institutional investors.
ILG Inc. (NASDAQ:ILG) traded down 0.73% on Thursday, hitting $25.70. The stock had a trading volume of 207,300 shares. ILG Inc. has a 52-week low of $15.94 and a 52-week high of $28.99. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 24.74 and a beta of 1.47. The company has a 50 day moving average price of $27.13 and a 200-day moving average price of $23.42.
ILG (NASDAQ:ILG) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The business had revenue of $450 million during the quarter, compared to analysts’ expectations of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The company’s revenue for the quarter was up 51.5% on a year-over-year basis. On average, equities research analysts predict that ILG Inc. will post $1.19 earnings per share 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 $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 annualized dividend and a dividend yield of 2.32%. ILG’s dividend payout ratio (DPR) is presently 57.69%.
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ILG has been the topic of several recent research reports. Zacks Investment Research raised ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of ILG in a research note on Friday, April 21st. CIBC raised their price objective on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Finally, Imperial Capital raised their price objective on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average 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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