Cowen Inc. raised its stake in shares of ILG Inc. (NASDAQ:ILG) by 673.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 218,000 shares of the business services provider’s stock after buying an additional 256,000 shares during the period. Cowen Inc. owned about 0.18% of ILG worth $5,827,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank purchased a new position in shares of ILG during the 3rd quarter valued at about $128,000. Advisor Group Inc. raised its stake in shares of ILG by 28.0% during the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,119 shares during the last quarter. Creative Planning raised its stake in shares of ILG by 6.3% during the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after buying an additional 316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ILG by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after buying an additional 550 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of ILG during the 3rd quarter valued at about $215,000. Institutional investors and hedge funds own 80.30% of the company’s stock.
ILG Inc. (NASDAQ:ILG) opened at $27.74 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 0.61. ILG Inc. has a 52 week low of $17.56 and a 52 week high of $30.70. The firm has a market capitalization of $3,490.71, a PE ratio of 20.84 and a beta of 1.49.
ILG (NASDAQ:ILG) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The firm had revenue of $446.00 million for the quarter, compared to analysts’ expectations of $429.56 million. During the same quarter last year, the firm posted $0.39 earnings per share. ILG’s quarterly revenue was up 6.7% on a year-over-year basis. research analysts forecast that ILG Inc. will post 1.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, December 4th. This represents a $0.60 annualized dividend and a yield of 2.16%. ILG’s dividend payout ratio (DPR) is currently 58.82%.
Several equities analysts recently weighed in on ILG shares. Zacks Investment Research upgraded ILG from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, August 23rd. SunTrust Banks restated a “buy” rating and issued a $30.00 price target on shares of ILG in a research note on Friday, November 10th. Nomura lifted their price target on ILG from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub upgraded ILG from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, Instinet started coverage on ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.50.
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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.
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