ILG Target of Unusually High Options Trading (ILG)
ILG Inc. (NASDAQ:ILG) was the recipient of unusually large options trading on Monday. Stock traders bought 8,891 call options on the stock. This represents an increase of approximately 1,394% compared to the average volume of 595 call options.
ILG (ILG) opened at 26.22 on Thursday. The stock has a 50 day moving average price of $26.88 and a 200 day moving average price of $23.68. ILG has a 12-month low of $15.94 and a 12-month high of $28.99. The stock has a market cap of $3.28 billion, a P/E ratio of 25.24 and a beta of 1.47.
ILG (NASDAQ:ILG) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $450 million for the quarter, compared to analysts’ expectations of $432.86 million. ILG had a net margin of 7.32% and a return on equity of 11.41%. ILG’s quarterly revenue was up 51.5% compared to the same quarter last year. On average, analysts forecast that ILG will post $1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Thursday, August 31st. ILG’s dividend payout ratio is 57.69%.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded ILG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 26th. Imperial Capital lifted their price objective on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of ILG in a report on Friday, April 21st. Finally, CIBC lifted their price objective on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Seven investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $26.67.
Hedge funds have recently bought and sold shares of the company. Strs Ohio raised its stake in 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. Advisor Group Inc. raised its stake in ILG by 28.0% in the second quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock worth $137,000 after buying an additional 1,119 shares during the period. Sei Investments Co. raised its stake in 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. Creative Planning raised its stake in ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after buying an additional 316 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in ILG by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after buying an additional 550 shares during the period. 81.01% of the stock is currently owned by institutional investors.
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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