Cumberland Partners Ltd adds Interval Leisure Group (IILG) to its portfolio

Interval Leisure Group (IILG) : Cumberland Partners Ltd added new position in Interval Leisure Group during the most recent quarter end. The investment management firm now holds 755,000 shares of Interval Leisure Group which is valued at $13,446,550 , the company said in a statement filed on Jul 26, 2016 with the SEC.Interval Leisure Group makes up approximately 1.84% of Cumberland Partners Ltd’s portfolio.

Other Hedge Funds, Including , Strs Ohio added IILG to its portfolio by purchasing 3,492 company shares during the most recent quarter which is valued at $62,193.Msi Financial Services Inc boosted its stake in IILG in the latest quarter, The investment management firm added 580 additional shares and now holds a total of 621 shares of Interval Leisure Group which is valued at $11,060. Joel Isaacson added IILG to its portfolio by purchasing 922 company shares during the most recent quarter which is valued at $16,273. Gateway Investment Advisers added IILG to its portfolio by purchasing 34,526 company shares during the most recent quarter which is valued at $591,085.Creative Planning boosted its stake in IILG in the latest quarter, The investment management firm added 1,437 additional shares and now holds a total of 3,352 shares of Interval Leisure Group which is valued at $57,386.

Interval Leisure Group opened for trading at $17.85 and hit $18.02 on the upside on Friday, eventually ending the session at $17.98, with a gain of 0.39% or 0.07 points. The heightened volatility saw the trading volume jump to 12,46,320 shares. Company has a market cap of $2,345 M.

On the company’s financial health, Interval Leisure Group reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.40. The company had revenue of $185.90 million for the quarter, compared to analysts expectations of $191.29 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Interval Leisure Group. Company shares were Upgraded by MKM Partners on Jul 14, 2016 to ” Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $16.50 .

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.

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