Zacks Investment Research Downgrades ILG Inc. (ILG) to Hold
ILG Inc. (NASDAQ:ILG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “
Separately, BidaskClub upgraded shares of ILG from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $27.00.
Shares of ILG (NASDAQ ILG) opened at 28.78 on Wednesday. The stock’s 50 day moving average is $26.37 and its 200-day moving average is $25.52. The stock has a market cap of $3.59 billion, a PE ratio of 27.70 and a beta of 1.48. ILG has a 1-year low of $15.94 and a 1-year high of $29.60.
ILG (NASDAQ:ILG) last posted its 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. ILG had a net margin of 7.32% and a return on equity of 11.41%. The firm had revenue of $450.00 million during the quarter, compared to the consensus estimate of $432.86 million. ILG’s revenue for the quarter was up 51.5% compared to the same quarter last year. On average, analysts predict that ILG will post $1.18 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of ILG by 28.0% in the second quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,119 shares during the last quarter. Creative Planning boosted its position in shares of ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after acquiring an additional 316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ILG by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after acquiring an additional 550 shares during the last quarter. Strs Ohio boosted its position in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after acquiring an additional 1,701 shares during the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.
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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