300,000 Shares in ILG Inc. (ILG) Acquired by Pentwater Capital Management LP
Pentwater Capital Management LP bought a new position in shares of ILG Inc. (NASDAQ:ILG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 300,000 shares of the business services provider’s stock, valued at approximately $8,247,000. Pentwater Capital Management LP owned about 0.24% of ILG at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. lifted 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 valued at $137,000 after acquiring an additional 1,119 shares during the last quarter. Creative Planning lifted its stake in shares of ILG by 6.3% during the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in ILG by 11.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after acquiring an additional 550 shares during the period. Strs Ohio increased its position in ILG by 63.6% during the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after acquiring an additional 2,100 shares during the period. Finally, Sei Investments Co. increased its position in ILG by 33.2% during the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after acquiring an additional 1,701 shares during the period. Institutional investors and hedge funds own 81.28% of the company’s stock.
ILG Inc. (NASDAQ ILG) traded up 0.65% during mid-day trading on Friday, hitting $29.38. 3,521,558 shares of the stock traded hands. The company has a 50-day moving average of $26.88 and a 200 day moving average of $25.95. ILG Inc. has a 1-year low of $15.94 and a 1-year high of $29.85. The firm has a market capitalization of $3.67 billion, a P/E ratio of 28.28 and a beta of 1.48.
ILG (NASDAQ:ILG) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $450.00 million for the quarter, compared to the consensus estimate of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The business’s quarterly revenue was up 51.5% compared to the same quarter last year. On average, equities research analysts anticipate that ILG Inc. will post $1.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.04%. ILG’s dividend payout ratio is currently 57.69%.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of ILG from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised shares of ILG from a “hold” rating to a “buy” rating in a report on Wednesday. Instinet started coverage on shares of ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Nomura started coverage on shares of ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. ILG has an average rating of “Buy” and a consensus target price of $29.29.
ILG Company Profile
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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