Public Employees Retirement Association of Colorado continued to hold its position in ILG Inc. (NASDAQ:ILG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,533 shares of the business services provider’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in ILG were worth $493,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in shares of ILG by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 11,730 shares of the business services provider’s stock valued at $245,000 after buying an additional 220 shares during the period. Louisiana State Employees Retirement System increased its position in shares of ILG by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 43,100 shares of the business services provider’s stock valued at $903,000 after buying an additional 500 shares during the period. Bank of Montreal Can increased its position in shares of ILG by 1.5% in the first quarter. Bank of Montreal Can now owns 137,653 shares of the business services provider’s stock valued at $2,885,000 after buying an additional 1,991 shares during the period. Strs Ohio increased its position in shares of 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. Finally, Paradigm Asset Management Co. LLC bought a new position in shares of ILG during the fourth quarter valued at $129,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.
ILG Inc. (NASDAQ ILG) traded down 0.46% during mid-day trading on Friday, hitting $27.86. The company had a trading volume of 1,860,858 shares. The stock’s 50 day moving average price is $26.50 and its 200 day moving average price is $21.23. ILG Inc. has a 52-week low of $14.10 and a 52-week high of $28.99. The firm has a market cap of $3.48 billion, a P/E ratio of 11.54 and a beta of 1.54.
ILG (NASDAQ:ILG) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. ILG had a return on equity of 11.66% and a net margin of 17.63%. The business had revenue of $452 million during the quarter, compared to analyst estimates of $446.32 million. During the same period in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 143.1% compared to the same quarter last year. On average, equities research analysts predict that ILG Inc. will post $1.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Tuesday, June 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, June 2nd. ILG’s dividend payout ratio (DPR) is 22.30%.
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ILG has been the topic of several analyst reports. Zacks Investment Research upgraded ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. CIBC lifted their target price on ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Imperial Capital lifted their target price on ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 30th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $26.00 target price (up from $22.00) on shares of ILG in a research note on Friday, April 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. ILG presently has an average rating of “Buy” and an average target price of $25.33.
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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