Legal & General Group Plc lessened its position in shares of ILG Inc. (NASDAQ:ILG) by 57.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,679 shares of the business services provider’s stock after selling 118,250 shares during the quarter. Legal & General Group Plc owned approximately 0.07% of ILG worth $2,371,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. raised its stake in shares of ILG by 1.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,352,875 shares of the business services provider’s stock worth $36,324,000 after buying an additional 21,852 shares during the last quarter. American International Group Inc. raised its stake in shares of ILG by 262.4% during the 3rd quarter. American International Group Inc. now owns 288,556 shares of the business services provider’s stock worth $7,713,000 after buying an additional 208,922 shares during the last quarter. ING Groep NV acquired a new position in shares of ILG during the 3rd quarter worth $348,000. Chartwell Investment Partners LLC raised its stake in shares of ILG by 27.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 162,457 shares of the business services provider’s stock worth $4,342,000 after buying an additional 35,305 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of ILG during the 3rd quarter worth $445,000. 80.27% of the stock is owned by institutional investors and hedge funds.
ILG Inc. (NASDAQ:ILG) opened at $28.95 on Friday. ILG Inc. has a one year low of $17.60 and a one year high of $30.70. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a market cap of $3,590.00, a PE ratio of 28.66 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 Zacks’ consensus estimate of $0.29 by ($0.01). ILG had a net margin of 7.04% and a return on equity of 10.46%. The company had revenue of $446.00 million for the quarter, compared to analyst estimates of $429.56 million. During the same period in the prior year, the company earned $0.39 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. sell-side analysts forecast that ILG Inc. will post 1.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Monday, December 4th. ILG’s dividend payout ratio is currently 59.41%.
Several research analysts recently weighed in on the stock. Macquarie assumed coverage on shares of ILG in a research note on Friday, January 5th. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of ILG from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, January 3rd. BidaskClub raised shares of ILG from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. ValuEngine raised shares of ILG from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Instinet assumed coverage on shares of ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 target price for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. ILG has a consensus rating of “Buy” and a consensus target price of $31.00.
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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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