State Board of Administration of Florida Retirement System Increases Holding in ILG Inc (ILG)

State Board of Administration of Florida Retirement System Increases Holding in ILG Inc (ILG)

State Board of Administration of Florida Retirement System increased its stake in ILG Inc (NASDAQ:ILG) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 99,664 shares of the business services provider’s stock after buying an additional 249 shares during the period. State Board of Administration of Florida Retirement System’s holdings in ILG were worth $2,089,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its position in ILG by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 151,622 shares of the business services provider’s stock valued at $3,176,000 after buying an additional 8,606 shares during the last quarter. Russell Investments Group Ltd. raised its position in ILG by 22.8% in the first quarter. Russell Investments Group Ltd. now owns 63,870 shares of the business services provider’s stock valued at $1,338,000 after buying an additional 11,849 shares during the last quarter. Strs Ohio raised its position in ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after buying an additional 2,100 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in ILG during the first quarter valued at about $243,000. Finally, Dubuque Bank & Trust Co. bought a new position in ILG during the first quarter valued at about $245,000. Institutional investors own 71.26% of the company’s stock.

ILG Inc (ILG) opened at 27.01 on Friday. ILG Inc has a 12-month low of $14.10 and a 12-month high of $28.21. The company has a market cap of $3.37 billion, a PE ratio of 11.19 and a beta of 1.56. The stock’s 50 day moving average price is $25.12 and its 200 day moving average price is $20.36.

ILG (NASDAQ:ILG) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. ILG had a return on equity of 11.91% and a net margin of 23.40%. The firm had revenue of $452 million during the quarter, compared to analyst estimates of $446.32 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue was up 143.1% compared to the same quarter last year. Equities research analysts anticipate that ILG Inc will post $1.15 EPS for the current year.

The company 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, June 2nd. ILG’s dividend payout ratio (DPR) is currently 17.71%.

Several equities analysts have recently issued reports on the company. Imperial Capital boosted their target price on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Investment Research upgraded ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. CIBC boosted their target price on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $26.00 target price (up from $22.00) on shares of ILG in a research report 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. The stock presently has a consensus rating of “Buy” and an average target price of $25.33.

In other ILG news, SVP Marie A. Lee sold 7,000 shares of ILG stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $18.36, for a total transaction of $128,520.00. Following the completion of the sale, the senior vice president now owns 9,300 shares of the company’s stock, valued at $170,748. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.70% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ILG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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