ILG Inc. (ILG) Shares Sold by Mckinley Capital Management LLC Delaware
Mckinley Capital Management LLC Delaware trimmed its holdings in ILG Inc. (NASDAQ:ILG) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,110 shares of the business services provider’s stock after selling 6,280 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in ILG were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of ILG. Swiss National Bank boosted its position in shares of ILG by 6.1% during the first quarter. Swiss National Bank now owns 198,087 shares of the business services provider’s stock worth $4,152,000 after buying an additional 11,400 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of ILG by 13.9% during 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 buying an additional 241,774 shares during the period. Corsair Capital Management L.P. acquired a new position in shares of ILG during the first quarter worth about $27,464,000. Schwab Charles Investment Management Inc. boosted its position in shares of ILG by 8.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 529,950 shares of the business services provider’s stock worth $11,108,000 after buying an additional 42,805 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of ILG by 73.2% during the first quarter. UBS Asset Management Americas Inc. now owns 68,212 shares of the business services provider’s stock worth $1,430,000 after buying an additional 28,825 shares during the period. 81.28% of the stock is owned by hedge funds and other institutional investors.
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Several research firms have recently weighed in on ILG. BidaskClub raised ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Zacks Investment Research raised ILG from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.00.
Shares of ILG Inc. (NASDAQ ILG) opened at 26.73 on Friday. ILG Inc. has a 12-month low of $15.94 and a 12-month high of $28.99. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 25.73 and a beta of 1.48. The company’s 50-day moving average price is $26.03 and its 200 day moving average price is $24.87.
ILG (NASDAQ:ILG) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $450.00 million during the quarter, compared to the consensus estimate of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The company’s revenue for the quarter was up 51.5% compared to the same quarter last year. Equities analysts predict that ILG Inc. will post $1.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.24%. ILG’s dividend payout ratio (DPR) is currently 57.69%.
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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