The Manufacturers Life Insurance Company grew its holdings in shares of ILG Inc (NASDAQ:ILG) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,394 shares of the business services provider’s stock after buying an additional 18,917 shares during the period. The Manufacturers Life Insurance Company owned 0.20% of ILG worth $7,189,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hosking Partners LLP boosted its stake in shares of ILG by 7.6% during the 4th quarter. Hosking Partners LLP now owns 143,410 shares of the business services provider’s stock valued at $4,084,000 after buying an additional 10,117 shares during the period. State Treasurer State of Michigan acquired a new stake in shares of ILG in the 3rd quarter valued at $1,067,000. Senvest Management LLC lifted its stake in shares of ILG by 6.2% in the 3rd quarter. Senvest Management LLC now owns 688,448 shares of the business services provider’s stock valued at $18,402,000 after purchasing an additional 40,000 shares during the last quarter. Neuberger Berman Group LLC lifted its position in ILG by 35.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 292,092 shares of the business services provider’s stock worth $7,808,000 after acquiring an additional 75,981 shares during the last quarter. Finally, Advantus Capital Management Inc acquired a new position in ILG during the 3rd quarter worth $359,000. 84.27% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on ILG shares. Zacks Investment Research upgraded shares of ILG from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, January 10th. BidaskClub upgraded shares of ILG from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. ValuEngine upgraded shares of ILG from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Macquarie assumed coverage on shares of ILG in a report on Friday, January 5th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.00.
ILG Inc (NASDAQ:ILG) traded down $0.18 during midday trading on Wednesday, hitting $33.70. 1,143,314 shares of the stock were exchanged, compared to its average volume of 1,489,240. ILG Inc has a one year low of $18.30 and a one year high of $34.92. The firm has a market cap of $4,293.69, a PE ratio of 25.29 and a beta of 1.52. The company has a current ratio of 1.86, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.
ILG (NASDAQ:ILG) last announced its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). ILG had a net margin of 9.35% and a return on equity of 8.41%. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $419.43 million. During the same period last year, the firm posted $0.48 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities analysts anticipate that ILG Inc will post 1.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from ILG’s previous quarterly dividend of $0.15. ILG’s payout ratio is 44.78%.
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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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