New Mexico Educational Retirement Board acquired a new stake in ILG Inc (NASDAQ:ILG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 26,300 shares of the business services provider’s stock, valued at approximately $749,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank bought a new position in ILG in the 3rd quarter valued at $128,000. Cerebellum GP LLC bought a new position in ILG in the 4th quarter valued at $129,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ILG by 37.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,345 shares of the business services provider’s stock valued at $209,000 after purchasing an additional 1,991 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in ILG in the 3rd quarter valued at $215,000. Finally, Fox Run Management L.L.C. bought a new position in ILG in the 3rd quarter valued at $299,000. Hedge funds and other institutional investors own 80.21% of the company’s stock.
Shares of ILG Inc (ILG) opened at $32.77 on Monday. 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 52 week low of $18.06 and a 52 week high of $32.78. The company has a market capitalization of $4,065.05, a price-to-earnings ratio of 24.27 and a beta of 1.55.
Several research firms have recently commented on ILG. SunTrust Banks reissued a “buy” rating and issued a $30.00 target price on shares of ILG in a research note on Friday, November 10th. Zacks Investment Research raised ILG from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, January 10th. BidaskClub raised ILG from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. ValuEngine raised ILG from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Nomura lifted 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. ILG has an average rating of “Buy” and an average price target of $32.00.
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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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