ILG Inc. (NASDAQ:ILG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “

Separately, BidaskClub raised ILG from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. ILG currently has a consensus rating of “Buy” and an average price target of $27.00.

ILG (NASDAQ:ILG) traded up 1.64% during midday trading on Wednesday, hitting $29.17. 4,546,533 shares of the stock traded hands. ILG has a 12-month low of $15.94 and a 12-month high of $29.60. The firm’s 50 day moving average is $26.29 and its 200-day moving average is $25.50. The stock has a market capitalization of $3.64 billion, a PE ratio of 28.08 and a beta of 1.48.

ILG (NASDAQ:ILG) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The company had revenue of $450.00 million during the quarter, compared to the consensus estimate of $432.86 million. The business’s quarterly revenue was up 51.5% compared to the same quarter last year. On average, analysts anticipate that ILG will post $1.18 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. increased its position in shares of 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 purchasing an additional 1,119 shares during the period. Creative Planning increased its position in shares of 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 purchasing an additional 316 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 purchasing an additional 550 shares during the period. Strs Ohio increased its position 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 purchasing an additional 2,100 shares during the period. Finally, Sei Investments Co. increased its position 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 purchasing an additional 1,701 shares during the period. Institutional investors own 81.28% of the company’s stock.

About ILG

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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