Thrivent Financial For Lutherans purchased a new position in shares of Interval Leisure Group (NASDAQ:ILG) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 22,944 shares of the business services provider’s stock, valued at approximately $653,000.
Other hedge funds have also modified their holdings of the company. Hudson Bay Capital Management LP bought a new stake in shares of Interval Leisure Group during the fourth quarter valued at approximately $12,104,000. Hosking Partners LLP increased its position in shares of Interval Leisure Group by 7.6% during the fourth quarter. Hosking Partners LLP now owns 143,410 shares of the business services provider’s stock valued at $4,084,000 after purchasing an additional 10,117 shares during the period. Senvest Management LLC increased its position in shares of Interval Leisure Group by 6.2% during the third quarter. Senvest Management LLC now owns 688,448 shares of the business services provider’s stock valued at $18,402,000 after purchasing an additional 40,000 shares during the period. Stansberry Asset Management LLC bought a new stake in shares of Interval Leisure Group during the fourth quarter valued at approximately $3,633,000. Finally, Neuberger Berman Group LLC increased its position in shares of Interval Leisure Group by 35.2% during the third quarter. Neuberger Berman Group LLC now owns 292,092 shares of the business services provider’s stock valued at $7,808,000 after purchasing an additional 75,981 shares during the period. Institutional investors own 84.08% of the company’s stock.
ILG has been the topic of a number of research reports. ValuEngine upgraded Interval Leisure Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Interval Leisure Group from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, January 3rd. Macquarie began coverage on Interval Leisure Group in a research report on Friday, January 5th. They issued a “neutral” rating on the stock. Finally, BidaskClub upgraded Interval Leisure Group from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.86.
Interval Leisure Group (NASDAQ:ILG) last announced its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Interval Leisure Group had a net margin of 9.35% and a return on equity of 8.41%. The company had revenue of $438.00 million during the quarter, compared to the consensus estimate of $419.43 million. During the same quarter last year, the company earned $0.48 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. equities research analysts anticipate that Interval Leisure Group will post 1.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.21%. This is a boost from Interval Leisure Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, March 15th. Interval Leisure Group’s dividend payout ratio is 52.24%.
About Interval Leisure Group
ILG, Inc, together with its subsidiaries, provides professional vacation services in the United States and internationally. The company operates in two segments, Vacation Ownership (VO), and Exchange and Rental. The VO segment engages in the sale, marketing, financing, and development of vacation ownership interests; and management of vacation ownership resorts, as well as in the provision of related services to owners and homeowners' associations (HOAs).
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