Advisors Preferred LLC increased its position in shares of ILG Inc. (NASDAQ:ILG) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,970 shares of the business services provider’s stock after buying an additional 317 shares during the period. Advisors Preferred LLC’s holdings in ILG were worth $493,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of ILG by 10,793.0% in the first quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock valued at $291,757,000 after buying an additional 13,791,920 shares during the period. P2 Capital Partners LLC increased its position in shares of ILG by 87.9% in the first quarter. P2 Capital Partners LLC now owns 4,375,000 shares of the business services provider’s stock valued at $91,700,000 after buying an additional 2,046,821 shares during the period. Corsair Capital Management L.P. acquired a new position in shares of ILG during the first quarter valued at $27,464,000. Teachers Advisors LLC acquired a new position in shares of ILG during the fourth quarter valued at $21,448,000. Finally, Dimensional Fund Advisors LP increased its position in shares of ILG by 23.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock valued at $99,078,000 after buying an additional 912,167 shares during the period. 81.01% of the stock is currently owned by hedge funds and other institutional investors.
ILG Inc. (ILG) opened at 25.63 on Monday. The firm has a 50-day moving average price of $27.00 and a 200 day moving average price of $23.48. The firm has a market capitalization of $3.20 billion, a P/E ratio of 24.67 and a beta of 1.47. ILG Inc. has a one year low of $15.94 and a one year high of $28.99.
ILG (NASDAQ:ILG) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $450 million during the quarter, compared to analyst estimates of $432.86 million. ILG had a net margin of 7.32% and a return on equity of 11.41%. The company’s revenue for the quarter was up 51.5% compared to the same quarter last year. Equities research analysts anticipate that ILG Inc. will post $1.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, August 31st. ILG’s dividend payout ratio (DPR) is currently 57.69%.
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ILG has been the subject of several analyst reports. Zacks Investment Research upgraded ILG from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, July 5th. Imperial Capital boosted their price target on ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 30th. CIBC boosted their price target on ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $26.00 price target (up from $22.00) on shares of ILG in a report on Friday, April 21st. Seven analysts have rated the stock with a buy rating, ILG presently has a consensus rating of “Buy” and an average price target of $26.67.
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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