ILG Inc. (ILG) Position Cut by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC trimmed its holdings in ILG Inc. (NASDAQ:ILG) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,293 shares of the business services provider’s stock after selling 16,784 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.40% of ILG worth $13,754,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Strs Ohio grew its holdings in ILG by 63.6% in 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 in the last quarter. Advisor Group Inc. grew its holdings in ILG by 28.0% in the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock worth $137,000 after buying an additional 1,119 shares in the last quarter. Sei Investments Co. grew its holdings in ILG by 33.2% in 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 in the last quarter. Creative Planning grew its holdings in ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after buying an additional 316 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ILG by 11.4% in 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 in the last quarter. 81.28% of the stock is owned by institutional investors and hedge funds.
ILG Inc. (NASDAQ ILG) opened at 26.73 on Friday. ILG Inc. has a 52 week low of $15.94 and a 52 week high of $28.99. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 25.73 and a beta of 1.48. The firm’s 50-day moving average price is $26.03 and its 200-day moving average price is $24.87.
ILG (NASDAQ:ILG) last posted its 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. ILG had a net margin of 7.32% and a return on equity of 11.41%. The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $432.86 million. The business’s revenue for the quarter was up 51.5% compared to the same quarter last year. On average, equities analysts expect that ILG Inc. will post $1.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, August 31st. ILG’s dividend payout ratio (DPR) is currently 57.69%.
A number of equities analysts recently issued reports on the company. BidaskClub raised ILG from a “sell” rating to a “hold” rating in a 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 report on Tuesday, August 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus 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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