13,788 Shares in ILG Inc. (ILG) Purchased by USA Financial Portformulas Corp

USA Financial Portformulas Corp bought a new stake in ILG Inc. (NASDAQ:ILG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,788 shares of the business services provider’s stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ILG. Russell Investments Group Ltd. increased its position in ILG by 22.8% during the first quarter. Russell Investments Group Ltd. now owns 63,870 shares of the business services provider’s stock worth $1,338,000 after buying an additional 11,849 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in ILG by 73.2% during the first quarter. UBS Asset Management Americas Inc. now owns 68,212 shares of the business services provider’s stock worth $1,430,000 after buying an additional 28,825 shares during the last quarter. Sei Investments Co. increased its position in ILG by 33.2% during the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after buying an additional 1,701 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in ILG by 3.7% during the first quarter. Parametric Portfolio Associates LLC now owns 243,401 shares of the business services provider’s stock worth $5,102,000 after buying an additional 8,696 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in ILG by 0.7% during the first quarter. Prudential Financial Inc. now owns 182,281 shares of the business services provider’s stock worth $3,821,000 after buying an additional 1,310 shares during the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ILG Inc. (ILG) traded up 0.20% during midday trading on Friday, hitting $29.33. The stock had a trading volume of 190,203 shares. ILG Inc. has a 52 week low of $15.94 and a 52 week high of $29.85. The stock’s 50-day moving average price is $27.23 and its 200 day moving average price is $26.20. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 28.23 and a beta of 1.48.

ILG (NASDAQ:ILG) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $432.86 million. The company’s revenue was up 51.5% on a year-over-year basis. On average, equities analysts forecast that ILG Inc. will post $1.16 earnings per share for the current year.

A number of equities analysts have weighed in on the company. BidaskClub raised ILG from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research downgraded ILG from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Nomura assumed coverage on ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Instinet assumed coverage on ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.29.

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ILG 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.

Institutional Ownership by Quarter for ILG (NASDAQ:ILG)

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