Gabelli Funds LLC decreased its holdings in ILG Inc (NASDAQ:ILG) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,697 shares of the business services provider’s stock after selling 15,000 shares during the period. Gabelli Funds LLC owned 0.11% of ILG worth $4,482,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of ILG by 2.6% in the second quarter. BlackRock Inc. now owns 11,721,653 shares of the business services provider’s stock valued at $387,165,000 after acquiring an additional 294,802 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of ILG by 0.7% in the second quarter. Van Berkom & Associates Inc. now owns 2,638,592 shares of the business services provider’s stock valued at $87,153,000 after acquiring an additional 17,457 shares during the period. Eagle Asset Management Inc. boosted its position in shares of ILG by 5.8% in the second quarter. Eagle Asset Management Inc. now owns 1,872,657 shares of the business services provider’s stock valued at $61,853,000 after acquiring an additional 102,978 shares during the period. Carillon Tower Advisers Inc. boosted its position in shares of ILG by 1.6% in the second quarter. Carillon Tower Advisers Inc. now owns 1,294,764 shares of the business services provider’s stock valued at $42,766,000 after acquiring an additional 20,877 shares during the period. Finally, Water Island Capital LLC bought a new position in shares of ILG in the second quarter valued at approximately $27,876,000. Hedge funds and other institutional investors own 79.97% of the company’s stock.
A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of ILG from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. ValuEngine lowered shares of ILG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. ILG currently has a consensus rating of “Buy” and a consensus target price of $34.80.
ILG stock opened at $34.13 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.78 and a quick ratio of 1.05. ILG Inc has a 12 month low of $24.38 and a 12 month high of $35.62. The company has a market capitalization of $4.25 billion, a PE ratio of 31.03 and a beta of 1.44.
ILG (NASDAQ:ILG) last announced its earnings results on Friday, August 3rd. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. ILG had a net margin of 9.09% and a return on equity of 8.16%. The business had revenue of $461.00 million during the quarter, compared to analyst estimates of $473.00 million. equities research analysts predict that ILG Inc will post 1.33 EPS for the current year.
ILG, Inc, together with its subsidiaries, provides professional vacation services in the United States and internationally. The company operates in two segments, Vacation Ownership (VO), and Exchange and Rental. The VO segment engages in the sale, marketing, financing, and development of vacation ownership interests; and management of vacation ownership resorts, as well as in the provision of related services to owners and homeowners' associations (HOAs).
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