ILG Inc (ILG) Short Interest Down 5.5% in April
ILG Inc (NASDAQ:ILG) was the recipient of a large decline in short interest during the month of April. As of April 28th, there was short interest totalling 7,699,029 shares, a decline of 5.5% from the April 13th total of 8,150,200 shares. Based on an average daily trading volume, of 1,887,109 shares, the short-interest ratio is presently 4.1 days.
In other news, SVP Marie A. Lee sold 7,000 shares of ILG stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $18.36, for a total value of $128,520.00. Following the transaction, the senior vice president now owns 9,300 shares of the company’s stock, valued at approximately $170,748. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. bought a new position in shares of ILG during the fourth quarter valued at approximately $589,000. Russell Investments Group Ltd. bought a new position in shares of ILG during the fourth quarter valued at approximately $951,000. Cascade Investment Advisors Inc. bought a new position in shares of ILG during the fourth quarter valued at approximately $1,129,000. Paradigm Asset Management Co. LLC bought a new position in shares of ILG during the fourth quarter valued at approximately $129,000. Finally, New South Capital Management Inc. bought a new position in shares of ILG during the fourth quarter valued at approximately $42,713,000. Institutional investors own 71.26% of the company’s stock.
ILG has been the topic of a number of analyst reports. Janney Montgomery Scott initiated coverage on shares of ILG in a research report on Monday, January 30th. They issued a “buy” rating and a $24.00 price objective on the stock. CIBC lifted their price objective on shares of ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Zacks Investment Research downgraded shares of ILG from a “hold” rating to a “sell” rating in a research report on Thursday, March 2nd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued 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 five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.40.
Shares of ILG (NASDAQ:ILG) traded up 0.22% on Friday, hitting $26.73. 1,565,549 shares of the stock were exchanged. ILG has a 52-week low of $12.83 and a 52-week high of $27.01. The company’s 50 day moving average is $23.64 and its 200-day moving average is $19.74. The stock has a market cap of $3.34 billion, a PE ratio of 11.07 and a beta of 1.56.
ILG (NASDAQ:ILG) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $452 million for the quarter, compared to analysts’ expectations of $446.32 million. ILG had a net margin of 23.40% and a return on equity of 11.91%. The firm’s revenue was up 143.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. Analysts predict that ILG will post $1.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 2nd. This represents a $0.60 annualized dividend and a yield of 2.24%. ILG’s dividend payout ratio is currently 17.71%.
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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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