Interval Leisure Group (IILG) is Initiated by MKM Partners to Neutral, Price Target at $16.50

Interval Leisure Group (IILG) was Initiated by MKM Partners to “Neutral” and the brokerage firm has set the Price Target at $16.50. MKM Partners advised their investors in a research report released on Apr 15, 2016.

On the company’s financial health, Interval Leisure Group reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.23. The company had revenue of $165.10 million for the quarter, compared to analysts expectations of $170.57 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

Interval Leisure Group opened for trading at $13.34 and hit $13.57 on the upside on Monday, eventually ending the session at $13.5, with a gain of 1.58% or 0.21 points. The heightened volatility saw the trading volume jump to 15,19,148 shares. Company has a market cap of $776 M.

In a different news, on Dec 8, 2015, William L Harvey (CFO) purchased 3,500 shares at $14.41 per share price. According to the SEC, on Dec 8, 2015, Jeanette E Marbert (COO) purchased 3,500 shares at $14.26 per share price. On Dec 8, 2015, Craig M Nash (CEO) purchased 35,000 shares at $14.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Interval Leisure Group Inc. (ILG) is a global provider of non-traditional lodging encompassing a portfolio of leisure businesses from exchange and vacation rental to 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. Its Vacation Ownership segment is engaged in the management of vacation ownership resorts; sales marketing and financing of vacation ownership interests and related services to owners and associations.

Interval Leisure Group

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Interval Leisure Group - Is it time to Sell?

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