Mason Street Advisors LLC boosted its position in ILG Inc. (NASDAQ:ILG) by 6.8% during the first quarter, Holdings Channel reports. The institutional investor owned 24,747 shares of the business services provider’s stock after buying an additional 1,585 shares during the period. Mason Street Advisors LLC’s holdings in ILG were worth $519,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of ILG during the fourth quarter worth approximately $9,734,000. Bank of Montreal Can raised its position in shares of ILG by 1.5% in the first quarter. Bank of Montreal Can now owns 137,653 shares of the business services provider’s stock worth $2,885,000 after buying an additional 1,991 shares in the last quarter. First National Bank of Omaha raised its position in shares of ILG by 37.3% in the first quarter. First National Bank of Omaha now owns 66,730 shares of the business services provider’s stock worth $1,399,000 after buying an additional 18,122 shares in the last quarter. Swiss National Bank raised its position in shares of ILG by 6.1% in the first quarter. Swiss National Bank now owns 198,087 shares of the business services provider’s stock worth $4,152,000 after buying an additional 11,400 shares in the last quarter. Finally, Cipher Capital LP bought a new position in shares of ILG during the fourth quarter worth approximately $1,430,000. 82.63% of the stock is owned by hedge funds and other institutional investors.
Shares of ILG Inc. (NASDAQ:ILG) opened at 27.71 on Friday. The company has a market cap of $3.46 billion, a PE ratio of 11.48 and a beta of 1.54. ILG Inc. has a 1-year low of $14.10 and a 1-year high of $28.99. The company has a 50-day moving average of $26.26 and a 200-day moving average of $21.03.
ILG (NASDAQ:ILG) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $452 million during the quarter, compared to analysts’ expectations of $446.32 million. ILG had a net margin of 17.63% and a return on equity of 11.66%. The business’s revenue for the quarter was up 143.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. Equities analysts forecast that ILG Inc. will post $1.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, June 2nd. ILG’s payout ratio is presently 22.30%.
ILG has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Imperial Capital upped their price objective on shares of ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 30th. CIBC upped their price objective on shares of ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $26.00 price objective (up previously from $22.00) on shares of ILG in a research report on Friday, April 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $25.33.
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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