Boyar Asset Management Inc. Lowers Position in ILG Inc. (ILG)
Boyar Asset Management Inc. decreased its position in ILG Inc. (NASDAQ:ILG) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,199 shares of the business services provider’s stock after selling 2,410 shares during the period. ILG accounts for about 2.3% of Boyar Asset Management Inc.’s investment portfolio, making the stock its 13th biggest position. Boyar Asset Management Inc. owned approximately 0.09% of ILG worth $3,106,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ILG. Huntington National Bank purchased a new stake in shares of ILG in the third quarter valued at approximately $128,000. Advisor Group Inc. lifted its holdings in ILG by 28.0% during the second 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 during the period. Creative Planning lifted its holdings in ILG by 6.3% during the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after buying an additional 316 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ILG by 11.4% during the second 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 during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in ILG during the third quarter worth $215,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.
Shares of ILG Inc. (NASDAQ:ILG) traded up $0.20 on Tuesday, hitting $30.65. The stock had a trading volume of 788,468 shares, compared to its average volume of 1,540,000. The stock has a market cap of $3,750.00, a price-to-earnings ratio of 20.86 and a beta of 1.52. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.00 and a current ratio of 1.58. ILG Inc. has a 12-month low of $16.04 and a 12-month high of $30.70.
A number of analysts have weighed in on ILG shares. Zacks Investment Research lowered ILG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 26th. Instinet started coverage on ILG in a report on Friday, October 6th. They set a “buy” rating and a $35.00 target price for the company. BidaskClub upgraded ILG from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Nomura started coverage on ILG in a report on Friday, October 6th. They set a “buy” rating and a $35.00 target price for the company. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. ILG currently has a consensus rating of “Buy” and a consensus target price of $29.29.
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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