Piedmont Investment Advisors LLC Sells 42,687 Shares of ILG Inc. (ILG)
Piedmont Investment Advisors LLC lowered its position in shares of ILG Inc. (NASDAQ:ILG) by 48.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,501 shares of the business services provider’s stock after selling 42,687 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in ILG were worth $1,216,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in shares of ILG by 12.8% during the second quarter. Voya Investment Management LLC now owns 53,119 shares of the business services provider’s stock worth $1,460,000 after acquiring an additional 6,028 shares during the last quarter. TIAA CREF Investment Management LLC raised 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 acquiring an additional 241,774 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of ILG during the third quarter worth $20,235,000. Neuberger Berman Group LLC bought a new stake in shares of ILG during the second quarter worth $5,941,000. Finally, Balyasny Asset Management LLC raised its position in shares of ILG by 688.8% during the second quarter. Balyasny Asset Management LLC now owns 149,881 shares of the business services provider’s stock worth $4,120,000 after acquiring an additional 130,881 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.
ILG Inc. (NASDAQ ILG) opened at $27.99 on Friday. ILG Inc. has a 52 week low of $17.56 and a 52 week high of $30.70. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3,442.33, a PE ratio of 20.56 and a beta of 1.49.
ILG (NASDAQ:ILG) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). ILG had a net margin of 7.04% and a return on equity of 10.46%. The business had revenue of $446.00 million during the quarter, compared to analyst estimates of $429.56 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. equities research analysts predict that ILG Inc. will post 1.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. ILG’s payout ratio is 58.82%.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded ILG from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. 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 note on Wednesday, August 23rd. Nomura started coverage on ILG in a research note on Friday, October 6th. They set a “buy” rating and a $35.00 price objective for the company. Oppenheimer lifted their price objective on ILG from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Finally, Instinet started coverage on ILG in a research note on Friday, October 6th. They set a “buy” rating and a $35.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $30.50.
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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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