Allianz Asset Management GmbH decreased its stake in shares of Interval Leisure Group (NASDAQ:ILG) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,347 shares of the business services provider’s stock after selling 58,949 shares during the period. Allianz Asset Management GmbH owned approximately 0.16% of Interval Leisure Group worth $5,791,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Interval Leisure Group by 37.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,345 shares of the business services provider’s stock worth $209,000 after acquiring an additional 1,991 shares in the last quarter. ING Groep NV boosted its holdings in Interval Leisure Group by 22.3% during the fourth quarter. ING Groep NV now owns 15,910 shares of the business services provider’s stock worth $453,000 after purchasing an additional 2,906 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Interval Leisure Group by 4.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 70,781 shares of the business services provider’s stock worth $2,016,000 after purchasing an additional 2,963 shares during the last quarter. Swiss National Bank boosted its holdings in Interval Leisure Group by 2.0% during the fourth quarter. Swiss National Bank now owns 191,487 shares of the business services provider’s stock worth $5,454,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in Interval Leisure Group during the fourth quarter worth $129,000. 84.08% of the stock is owned by institutional investors.
ILG has been the subject of several recent research reports. ValuEngine upgraded shares of Interval Leisure Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Interval Leisure Group from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, January 3rd. Macquarie initiated coverage on shares of Interval Leisure Group in a report on Friday, January 5th. They set a “neutral” rating for the company. Finally, BidaskClub upgraded shares of Interval Leisure Group from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.86.
ILG stock traded down $0.46 during trading hours on Friday, reaching $31.53. The stock had a trading volume of 1,237,959 shares, compared to its average volume of 1,285,368. The stock has a market cap of $3,916.12, a P/E ratio of 28.66 and a beta of 1.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.86 and a quick ratio of 1.09. Interval Leisure Group has a fifty-two week low of $20.80 and a fifty-two week high of $34.92.
Interval Leisure Group (NASDAQ:ILG) last announced its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $438.00 million during the quarter, compared to analyst estimates of $419.43 million. Interval Leisure Group had a net margin of 9.35% and a return on equity of 8.41%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. equities research analysts anticipate that Interval Leisure Group will post 1.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.70 dividend on an annualized basis and a yield of 2.22%. This is a boost from Interval Leisure Group’s previous quarterly dividend of $0.15. Interval Leisure Group’s dividend payout ratio (DPR) is currently 63.64%.
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Interval Leisure Group Company Profile
ILG, Inc, together with its subsidiaries, provides professional vacation services in the United States and internationally. The company operates in two segments, Vacation Ownership (VO), and Exchange and Rental. The VO segment engages in the sale, marketing, financing, and development of vacation ownership interests; and management of vacation ownership resorts, as well as in the provision of related services to owners and homeowners' associations (HOAs).
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