Swiss National Bank lifted its position in ILG Inc. (NASDAQ:ILG) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,187 shares of the business services provider’s stock after buying an additional 3,100 shares during the period. Swiss National Bank owned approximately 0.16% of ILG worth $5,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in ILG. Alps Advisors Inc. lifted its position in ILG by 0.3% during the second quarter. Alps Advisors Inc. now owns 26,025 shares of the business services provider’s stock valued at $715,000 after purchasing an additional 68 shares in the last quarter. Creative Planning lifted its position in ILG by 6.3% during the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 316 shares in the last quarter. Advisors Preferred LLC lifted its position in ILG by 1.8% during the second quarter. Advisors Preferred LLC now owns 17,970 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 317 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in ILG by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 100,018 shares of the business services provider’s stock valued at $2,749,000 after purchasing an additional 354 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in ILG by 2.0% during the second quarter. Nisa Investment Advisors LLC now owns 20,306 shares of the business services provider’s stock valued at $556,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.
Shares of ILG Inc. (ILG) opened at 25.31 on Wednesday. The company has a market capitalization of $3.16 billion, a PE ratio of 24.36 and a beta of 1.48. The firm’s 50-day moving average price is $26.03 and its 200-day moving average price is $24.87. ILG Inc. has a 12-month low of $15.94 and a 12-month high of $28.99.
ILG (NASDAQ:ILG) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. ILG had a net margin of 7.32% and a return on equity of 11.41%. The company had revenue of $450.00 million for the quarter, compared to analyst estimates of $432.86 million. ILG’s revenue was up 51.5% on a year-over-year basis. On average, analysts expect that ILG Inc. will post $1.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, August 31st. ILG’s payout ratio is currently 57.69%.
ILG has been the topic of several analyst reports. Zacks Investment Research upgraded ILG from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub upgraded ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Imperial Capital lifted their target price on ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 30th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.00.
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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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