ILG Inc. (ILG) Lowered to Hold at BidaskClub
BidaskClub downgraded shares of ILG Inc. (NASDAQ:ILG) from a buy rating to a hold rating in a report released on Friday morning.
Other research analysts have also recently issued research reports about the stock. Nomura boosted their price objective on shares of ILG from $35.00 to $38.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Instinet initiated coverage on shares of ILG in a research report on Friday, October 6th. They set a buy rating and a $35.00 price objective on the stock. Zacks Investment Research upgraded shares of ILG from a hold rating to a buy rating and set a $29.00 price objective on the stock in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. boosted their price objective on shares of ILG from $29.00 to $32.00 and gave the company an outperform rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued 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.
ILG (NASDAQ:ILG) traded up $0.08 during mid-day trading on Friday, reaching $28.43. 764,000 shares of the company’s stock were exchanged, compared to its average volume of 1,213,663. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.75 and a quick ratio of 1.07. ILG has a fifty-two week low of $17.32 and a fifty-two week high of $30.70. The company has a market capitalization of $3,526.68, a PE ratio of 21.06 and a beta of 1.53.
ILG (NASDAQ:ILG) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 earnings per share 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 firm had revenue of $446.00 million for the quarter, compared to the consensus estimate of $429.56 million. During the same quarter last year, the firm earned $0.39 EPS. The company’s revenue was up 6.7% on a year-over-year basis. equities research analysts forecast that ILG will post 1.15 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, December 4th. ILG’s payout ratio is presently 58.82%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC grew its holdings in shares of ILG by 13.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock worth $54,528,000 after purchasing an additional 241,774 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of ILG in the third quarter worth about $20,235,000. Neuberger Berman Group LLC bought a new position in shares of ILG in the second quarter worth about $5,941,000. Voya Investment Management LLC grew its holdings in shares of ILG by 12.8% in the second quarter. Voya Investment Management LLC now owns 53,119 shares of the business services provider’s stock worth $1,460,000 after purchasing an additional 6,028 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in shares of ILG by 688.8% in the second quarter. Balyasny Asset Management LLC now owns 149,881 shares of the business services provider’s stock worth $4,120,000 after purchasing an additional 130,881 shares during the last quarter. Hedge funds and other institutional investors own 80.86% of the company’s stock.
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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