ILG Inc. (ILG) Shares Bought by Alliancebernstein L.P.
Alliancebernstein L.P. raised its holdings in ILG Inc. (NASDAQ:ILG) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,097 shares of the business services provider’s stock after purchasing an additional 17,969 shares during the quarter. Alliancebernstein L.P. owned 0.15% of ILG worth $5,281,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Creative Planning increased its stake in shares of ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of ILG by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after buying an additional 550 shares during the last quarter. Strs Ohio lifted its position in shares of ILG by 63.6% during the 1st quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after buying an additional 2,100 shares during the last quarter. Sei Investments Co. lifted its position in shares of ILG by 33.2% during the 1st quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after buying an additional 1,701 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of ILG during the 2nd quarter worth $239,000. 81.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ILG Inc. (NASDAQ:ILG) opened at 26.73 on Monday. The firm has a 50-day moving average of $26.03 and a 200-day moving average of $24.87. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 25.73 and a beta of 1.48. ILG Inc. has a 12 month low of $15.94 and a 12 month high of $28.99.
ILG (NASDAQ:ILG) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The business’s revenue was up 51.5% on a year-over-year basis. On average, analysts anticipate that ILG Inc. will post $1.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, August 31st. ILG’s payout ratio is 57.69%.
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Several research firms recently weighed in on ILG. Zacks Investment Research raised ILG from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, July 5th. BidaskClub upgraded ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. ILG has an average rating of “Buy” and an average target price of $27.00.
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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