Tributary Capital Management LLC Cuts Position in ILG Inc. (NASDAQ:ILG)
Tributary Capital Management LLC reduced its position in ILG Inc. (NASDAQ:ILG) by 54.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350,670 shares of the business services provider’s stock after selling 412,139 shares during the period. Tributary Capital Management LLC owned approximately 0.28% of ILG worth $9,640,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the company. Bank of Montreal Can raised its stake in ILG by 1.5% in the first quarter. Bank of Montreal Can now owns 137,653 shares of the business services provider’s stock worth $2,885,000 after buying an additional 1,991 shares in the last quarter. Swiss National Bank raised its stake in ILG by 6.1% in 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 in the last quarter. First National Bank of Omaha raised its stake in ILG by 37.3% in the first quarter. First National Bank of Omaha now owns 66,730 shares of the business services provider’s stock worth $1,399,000 after buying an additional 18,122 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in ILG during the fourth quarter worth $716,000. Finally, Corsair Capital Management L.P. acquired a new stake in ILG during the first quarter worth $27,464,000. Institutional investors own 81.97% of the company’s stock.
Shares of ILG Inc. (NASDAQ ILG) opened at 26.06 on Monday. ILG Inc. has a 52 week low of $15.94 and a 52 week high of $28.99. The stock’s 50 day moving average is $27.35 and its 200 day moving average is $23.13. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 10.80 and a beta of 1.47.
ILG (NASDAQ:ILG) last released its quarterly earnings data 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. ILG had a net margin of 7.32% and a return on equity of 11.41%. The firm had revenue of $450 million during the quarter, compared to analysts’ expectations of $432.86 million. ILG’s revenue was up 51.5% compared to the same quarter last year. On average, equities analysts forecast that ILG Inc. will post $1.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.30%. ILG’s dividend payout ratio is currently 57.69%.
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Several research firms have commented on ILG. Zacks Investment Research lowered shares of ILG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Imperial Capital increased their price objective on shares of ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 30th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of ILG in a research note on Friday, April 21st. Finally, CIBC increased their price objective on shares of ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.00.
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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