Gamco Investors INC. ET AL lessened its holdings in shares of ILG Inc (NASDAQ:ILG) by 12.3% during the second quarter, HoldingsChannel.com reports. The fund owned 23,052 shares of the business services provider’s stock after selling 3,223 shares during the period. Gamco Investors INC. ET AL’s holdings in ILG were worth $761,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in ILG in the second quarter valued at $176,000. Zeke Capital Advisors LLC acquired a new stake in ILG in the second quarter valued at $212,000. Sphinx Trading LP acquired a new stake in ILG in the second quarter valued at $330,000. OTA Financial Group L.P. acquired a new stake in ILG in the second quarter valued at $389,000. Finally, Virtu Financial LLC grew its holdings in ILG by 119.7% in the second quarter. Virtu Financial LLC now owns 16,178 shares of the business services provider’s stock valued at $534,000 after purchasing an additional 8,813 shares during the last quarter. 79.97% of the stock is currently owned by hedge funds and other institutional investors.
ILG stock opened at $34.13 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 31.03 and a beta of 1.44. ILG Inc has a fifty-two week low of $24.38 and a fifty-two week high of $35.62.
ILG (NASDAQ:ILG) last posted its quarterly earnings data on Friday, August 3rd. The business services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $461.00 million for the quarter, compared to analyst estimates of $473.00 million. ILG had a return on equity of 8.16% and a net margin of 9.09%. equities analysts predict that ILG Inc will post 1.33 EPS for the current year.
Several analysts have weighed in on ILG shares. ValuEngine lowered ILG from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. BidaskClub lowered ILG from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.80.
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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