Louisiana State Employees Retirement System raised its stake in shares of ILG Inc. (NASDAQ:ILG) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,200 shares of the business services provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in ILG were worth $1,188,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Strs Ohio boosted its position in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after buying an additional 2,100 shares during the last quarter. Sei Investments Co. boosted its position in shares of ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,701 shares during the last quarter. Creative Planning boosted its position in shares of ILG by 6.3% in the second 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. Ameritas Investment Partners Inc. bought a new position in shares of ILG during the first quarter valued at approximately $205,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of ILG during the first quarter valued at approximately $206,000. Institutional investors own 81.01% of the company’s stock.
Shares of ILG Inc. (ILG) traded up 0.08% during trading on Friday, reaching $25.75. 861,034 shares of the company’s stock were exchanged. The company has a market capitalization of $3.22 billion, a PE ratio of 24.78 and a beta of 1.47. The company has a 50 day moving average price of $26.76 and a 200-day moving average price of $23.75. ILG Inc. has a 52-week low of $15.94 and a 52-week high of $28.99.
ILG (NASDAQ:ILG) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping 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 million for the quarter, compared to the consensus estimate of $432.86 million. The business’s revenue was up 51.5% on a year-over-year basis. On average, equities analysts forecast that ILG Inc. will post $1.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.33%. ILG’s payout ratio is currently 57.69%.
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ILG has been the topic of several research analyst reports. Zacks Investment Research raised shares of ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. CIBC increased their price target on shares of ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Imperial Capital increased their price target on shares of ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 30th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $26.00 price target (up previously from $22.00) on shares of ILG in a research report on Friday, April 21st. Seven equities research analysts have rated the stock with a buy rating, The stock 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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