Advisor Group Inc. lifted its stake in ILG Inc. (NASDAQ:ILG) by 28.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,114 shares of the business services provider’s stock after acquiring an additional 1,119 shares during the quarter. Advisor Group Inc.’s holdings in ILG were worth $137,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its position in shares of ILG by 13.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock valued at $54,528,000 after acquiring an additional 241,774 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of ILG in the second quarter valued at about $5,941,000. Schwab Charles Investment Management Inc. increased its position in shares of ILG by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 529,950 shares of the business services provider’s stock valued at $11,108,000 after acquiring an additional 42,805 shares during the last quarter. Credit Suisse AG increased its position in shares of ILG by 14.2% in the first quarter. Credit Suisse AG now owns 191,115 shares of the business services provider’s stock valued at $4,006,000 after acquiring an additional 23,749 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of ILG by 73.2% in the first quarter. UBS Asset Management Americas Inc. now owns 68,212 shares of the business services provider’s stock valued at $1,430,000 after acquiring an additional 28,825 shares during the last quarter. 80.98% of the stock is currently owned by institutional investors and hedge funds.
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ILG has been the topic of a number of recent research reports. Zacks Investment Research raised ILG from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, July 5th. BidaskClub raised ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Nomura initiated coverage on ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Instinet initiated coverage on ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.29.
ILG Inc. (NASDAQ ILG) opened at 29.26 on Tuesday. ILG Inc. has a 12 month low of $15.94 and a 12 month high of $29.85. The firm’s 50-day moving average price is $27.39 and its 200-day moving average price is $26.41. The firm has a market cap of $3.65 billion, a P/E ratio of 28.16 and a beta of 1.48.
ILG (NASDAQ:ILG) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The firm had revenue of $450.00 million during the quarter, compared to analyst estimates of $432.86 million. ILG had a net margin of 7.32% and a return on equity of 11.41%. The business’s revenue for the quarter was up 51.5% on a year-over-year basis. On average, equities research analysts expect that ILG Inc. will post $1.16 EPS for the current fiscal year.
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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