Parametric Portfolio Associates LLC Increases Stake in ILG Inc. (ILG)

Parametric Portfolio Associates LLC raised its position in ILG Inc. (NASDAQ:ILG) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 243,401 shares of the business services provider’s stock after buying an additional 8,696 shares during the period. Parametric Portfolio Associates LLC’s holdings in ILG were worth $5,102,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new stake in shares of ILG during the fourth quarter valued at $69,317,000. State Street Corp purchased a new stake in shares of ILG during the fourth quarter valued at $46,806,000. FMR LLC purchased a new stake in shares of ILG during the fourth quarter valued at $45,791,000. Norges Bank purchased a new stake in shares of ILG during the fourth quarter valued at $23,608,000. Finally, Teachers Advisors LLC purchased a new stake in shares of ILG during the fourth quarter valued at $21,448,000. Institutional investors own 82.63% of the company’s stock.

Institutional Ownership by Quarter for ILG (NASDAQ:ILG)

Shares of ILG Inc. (NASDAQ:ILG) opened at 27.99 on Friday. ILG Inc. has a 52-week low of $14.10 and a 52-week high of $28.99. The company has a market capitalization of $3.49 billion, a P/E ratio of 11.59 and a beta of 1.54. The firm’s 50 day moving average is $26.50 and its 200-day moving average is $21.23.

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. The business had revenue of $452 million for the quarter, compared to the consensus estimate of $446.32 million. ILG had a net margin of 17.63% and a return on equity of 11.66%. The firm’s quarterly revenue was up 143.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Equities research analysts anticipate that ILG Inc. will post $1.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th were given a dividend of $0.15 per share. The ex-dividend date was Friday, June 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. ILG’s payout ratio is presently 22.30%.

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ILG has been the topic of several recent research reports. Zacks Investment Research downgraded shares of ILG from a “hold” rating to a “sell” rating in a research report on Thursday, March 2nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $26.00 price objective (up from $22.00) on shares of ILG in a research report on Friday, April 21st. CIBC lifted their price objective on shares of ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Finally, Imperial Capital lifted their price objective on shares of ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $25.33.

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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