BTIM Corp. lowered its position in shares of ILG Inc. (NASDAQ:ILG) by 18.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 858,674 shares of the business services provider’s stock after selling 198,399 shares during the period. BTIM Corp. owned about 0.69% of ILG worth $23,605,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its stake 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 valued at $146,000 after buying an additional 316 shares in the last quarter. Strs Ohio raised its stake 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 valued at $113,000 after buying an additional 2,100 shares in the last quarter. Sei Investments Co. raised its stake 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 valued at $143,000 after buying an additional 1,701 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in ILG during the first quarter worth approximately $205,000. Finally, First Citizens Bank & Trust Co. acquired a new position in ILG during the first quarter worth approximately $206,000. Institutional investors and hedge funds own 82.72% of the company’s stock.
Shares of ILG Inc. (ILG) traded down 0.82% on Friday, reaching $26.52. The company had a trading volume of 869,635 shares. The stock has a market cap of $3.31 billion, a PE ratio of 10.32 and a beta of 1.48. The stock has a 50-day moving average price of $27.31 and a 200-day moving average price of $22.94. ILG Inc. has a 12 month low of $15.94 and a 12 month high of $28.99.
ILG (NASDAQ:ILG) last released its earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. ILG had a net margin of 17.63% and a return on equity of 11.66%. The company had revenue of $452 million for the quarter, compared to analysts’ expectations of $446.32 million. During the same quarter in the previous year, the company earned $0.41 EPS. ILG’s revenue for the quarter was up 143.1% on a year-over-year basis. Analysts predict that ILG Inc. will post $1.15 earnings per share for the current fiscal year.
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A number of equities analysts have commented on the company. Zacks Investment Research lowered ILG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Imperial Capital boosted their price objective on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. CIBC upped their price objective on ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of ILG in a report on Friday, April 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. ILG has an average rating of “Buy” and an average price target of $27.00.
About ILG
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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