Instinet Begins Coverage on ILG Inc. (ILG)
Instinet started coverage on shares of ILG Inc. (NASDAQ:ILG) in a research report sent to investors on Friday morning. The brokerage issued a buy rating and a $35.00 price objective on the business services provider’s stock.
ILG has been the subject of a number of other research reports. Zacks Investment Research downgraded ILG from a buy rating to a hold rating in a report on Thursday, August 24th. Nomura started coverage on ILG in a research note on Friday. They set a buy rating and a $35.00 price target for the company. Finally, BidaskClub raised ILG from a sell rating to a hold rating in a research note on Wednesday, September 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $29.29.
Shares of ILG (NASDAQ ILG) opened at 29.19 on Friday. ILG has a 12-month low of $15.94 and a 12-month high of $29.85. The stock’s 50 day moving average is $26.46 and its 200-day moving average is $25.59. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 28.09 and a beta of 1.48. ILG also saw some unusual options trading on Friday. Stock traders bought 12,513 call options on the company. This is an increase of approximately 496% compared to the typical volume of 2,100 call options.
ILG (NASDAQ:ILG) last released its earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The company had revenue of $450.00 million during the quarter, compared to the consensus estimate of $432.86 million. The company’s revenue for the quarter was up 51.5% on a year-over-year basis. Equities analysts anticipate that ILG will post $1.18 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Thursday, August 31st. ILG’s dividend payout ratio (DPR) is presently 57.69%.
Several large investors have recently added to or reduced their stakes in ILG. Strs Ohio raised its stake in shares of ILG by 63.6% during 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 during the last quarter. Russell Investments Group Ltd. raised its stake in shares of ILG by 22.8% during the 1st quarter. Russell Investments Group Ltd. now owns 63,870 shares of the business services provider’s stock worth $1,338,000 after buying an additional 11,849 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of ILG by 73.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 68,212 shares of the business services provider’s stock worth $1,430,000 after buying an additional 28,825 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of ILG during the 1st quarter worth $924,000. Finally, Sei Investments Co. raised its stake in shares of ILG by 33.2% during 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 during the last quarter. 81.28% of the stock is owned by institutional investors and hedge funds.
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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