ILG Inc. (ILG) Lifted to “Hold” at BidaskClub
ILG Inc. (NASDAQ:ILG) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of ILG from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Imperial Capital raised their target price on shares of ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.00.
ILG (NASDAQ ILG) opened at 25.90 on Wednesday. ILG has a 52 week low of $15.94 and a 52 week high of $28.99. The stock has a 50 day moving average price of $26.21 and a 200-day moving average price of $24.58. The stock has a market cap of $3.24 billion, a P/E ratio of 24.93 and a beta of 1.48.
ILG (NASDAQ:ILG) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $450.00 million during the quarter, compared to the consensus estimate of $432.86 million. ILG had a net margin of 7.32% and a return on equity of 11.41%. The business’s revenue for the quarter was up 51.5% compared to the same quarter last year. On average, equities analysts anticipate that ILG will post $1.18 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of ILG. BlackRock Inc. raised its position in shares of ILG by 10,793.0% during the 1st quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock valued at $291,757,000 after purchasing an additional 13,791,920 shares during the period. P2 Capital Partners LLC raised its position in shares of ILG by 87.9% during the 1st quarter. P2 Capital Partners LLC now owns 4,375,000 shares of the business services provider’s stock valued at $91,700,000 after purchasing an additional 2,046,821 shares during the period. Corsair Capital Management L.P. bought a new stake in shares of ILG during the 1st quarter valued at $27,464,000. Dimensional Fund Advisors LP raised its position in shares of ILG by 23.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock valued at $99,078,000 after purchasing an additional 912,167 shares during the period. Finally, Gruss Capital Management LP raised its position in shares of ILG by 42.7% during the 1st quarter. Gruss Capital Management LP now owns 2,272,400 shares of the business services provider’s stock valued at $47,630,000 after purchasing an additional 680,000 shares during the period. Institutional investors and hedge funds own 80.64% of the company’s stock.
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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