ILG Inc (ILG) Rating Increased to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of ILG Inc (NASDAQ:ILG) from a sell rating to a hold rating in a research note issued to investors on Wednesday, May 3rd.
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. ”
A number of other brokerages have also weighed in on ILG. CIBC boosted their price objective on ILG from $22.00 to $26.00 and gave the stock an outperform rating in a research report on Monday, April 24th. Janney Montgomery Scott assumed coverage on ILG in a research report on Monday, January 30th. They set a buy rating and a $24.00 target price on the stock. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $26.00 price target (up from $22.00) on shares of ILG in a research note on Friday, April 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $24.40.
Shares of ILG (NASDAQ:ILG) opened at 26.96 on Wednesday. The firm has a market capitalization of $3.36 billion, a PE ratio of 11.17 and a beta of 1.56. ILG has a 52-week low of $13.45 and a 52-week high of $27.08. The company has a 50 day moving average of $24.00 and a 200 day moving average of $19.95.
ILG (NASDAQ:ILG) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. ILG had a return on equity of 11.91% and a net margin of 23.40%. The company had revenue of $452 million during the quarter, compared to the consensus estimate of $446.32 million. During the same period in the previous year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 143.1% compared to the same quarter last year. On average, analysts anticipate that ILG will post $1.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, June 2nd. This represents a $0.60 annualized dividend and a yield of 2.23%. ILG’s payout ratio is 17.71%.
In other ILG news, SVP Marie A. Lee sold 7,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $18.36, for a total transaction of $128,520.00. Following the completion of the sale, the senior vice president now directly owns 9,300 shares in the company, valued at approximately $170,748. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC boosted its position in shares of ILG by 13.4% in the first quarter. HighTower Advisors LLC now owns 61,589 shares of the business services provider’s stock valued at $1,284,000 after buying an additional 7,257 shares during the period. Credit Suisse AG raised its stake in shares of ILG by 14.2% in the first quarter. Credit Suisse AG now owns 191,115 shares of the business services provider’s stock valued at $4,006,000 after buying an additional 23,749 shares during the period. Gotham Asset Management LLC raised its position in ILG by 180.9% in the first quarter. Gotham Asset Management LLC now owns 140,962 shares of the business services provider’s stock valued at $2,955,000 after buying an additional 90,785 shares during the last quarter. State Street Corp raised its position in ILG by 5.6% in the first quarter. State Street Corp now owns 2,721,105 shares of the business services provider’s stock valued at $57,029,000 after buying an additional 145,154 shares during the last quarter. Finally, Bank of America Corp DE raised its position in ILG by 119.7% in the first quarter. Bank of America Corp DE now owns 307,239 shares of the business services provider’s stock valued at $6,439,000 after buying an additional 167,415 shares during the last quarter. 71.26% of the stock is owned by institutional investors and hedge funds.
ILG Company 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.
