ILG Inc. (ILG) Short Interest Update
ILG Inc. (NASDAQ:ILG) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 5,696,460 shares, a drop of 19.2% from the May 31st total of 7,049,400 shares. Based on an average trading volume of 1,199,251 shares, the short-interest ratio is presently 4.8 days. Approximately 5.4% of the company’s shares are sold short.
Large investors have recently made changes to their positions in the company. Strs Ohio boosted its stake in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after buying an additional 2,100 shares during the period. Sei Investments Co. boosted its stake in shares of ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after buying an additional 1,701 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of ILG during the first quarter worth $205,000. First Citizens Bank & Trust Co. acquired a new stake in shares of ILG during the first quarter worth $206,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of ILG during the first quarter worth $243,000. Institutional investors and hedge funds own 82.63% of the company’s stock.
ILG (NASDAQ ILG) opened at 28.02 on Thursday. ILG has a 1-year low of $14.10 and a 1-year high of $28.99. The firm’s 50-day moving average price is $26.50 and its 200-day moving average price is $21.23. The firm has a market cap of $3.50 billion, a P/E ratio of 11.61 and a beta of 1.54.
ILG (NASDAQ:ILG) last announced its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. The business had revenue of $452 million for 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 was up 143.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities research analysts anticipate that ILG will post $1.15 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, June 2nd. ILG’s dividend payout ratio (DPR) is presently 22.30%.
Several analysts have recently commented on the company. Imperial Capital raised their target price on ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 30th. Zacks Investment Research upgraded ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. CIBC raised their target price on ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $26.00 target price (up from $22.00) on shares of ILG in a research note on Friday, April 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. ILG has a consensus rating of “Buy” and a consensus target price of $25.33.
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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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