California State Teachers Retirement System decreased its stake in ILG Inc. (NASDAQ:ILG) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 170,432 shares of the business services provider’s stock after selling 18,042 shares during the quarter. California State Teachers Retirement System owned about 0.14% of ILG worth $4,556,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Huntington National Bank purchased a new position in shares of ILG in the 3rd quarter worth approximately $128,000. Advisor Group Inc. boosted its holdings in shares of ILG by 28.0% in the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,119 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of ILG by 11.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after purchasing an additional 550 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of ILG in the 3rd quarter worth approximately $215,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of ILG by 118.4% in the 3rd quarter. LS Investment Advisors LLC now owns 8,433 shares of the business services provider’s stock worth $225,000 after purchasing an additional 4,572 shares during the period. Hedge funds and other institutional investors own 80.27% of the company’s stock.
A number of equities analysts recently issued reports on the company. SunTrust Banks restated a “buy” rating and set a $30.00 price objective on shares of ILG in a report on Friday, November 10th. Zacks Investment Research cut ILG from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Nomura boosted their price objective on ILG from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Instinet assumed coverage on ILG in a report on Friday, October 6th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Oppenheimer boosted their price objective on ILG from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. ILG presently has an average rating of “Buy” and a consensus price target of $30.88.
ILG (NASDAQ:ILG) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The firm had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $429.56 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. ILG’s quarterly revenue was up 6.7% compared to the same quarter last year. sell-side analysts predict that ILG Inc. will post 1.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, December 4th. ILG’s dividend payout ratio is 59.41%.
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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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