Weitz Investment Management buys $67,435,653 stake in Interval Leisure Group (IILG)

Interval Leisure Group (IILG) : Weitz Investment Management scooped up 430,820 additional shares in Interval Leisure Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 3,862,294 shares of Interval Leisure Group which is valued at $67,435,653.Interval Leisure Group makes up approximately 2.41% of Weitz Investment Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in IILG in the latest quarter, The investment management firm added 5,965,364 additional shares and now holds a total of 9,128,556 shares of Interval Leisure Group which is valued at $159,384,588. Interval Leisure Group makes up approx 0.01% of Vanguard Group Inc’s portfolio.Victory Capital Management Inc boosted its stake in IILG in the latest quarter, The investment management firm added 3,130 additional shares and now holds a total of 20,915 shares of Interval Leisure Group which is valued at $367,267.State Board Of Administration Of Florida Retirement System boosted its stake in IILG in the latest quarter, The investment management firm added 42,356 additional shares and now holds a total of 83,978 shares of Interval Leisure Group which is valued at $1,472,134.Van Berkom Associates reduced its stake in IILG by selling 105,260 shares or 3.16% in the most recent quarter. The Hedge Fund company now holds 3,230,174 shares of IILG which is valued at $57,012,571. Interval Leisure Group makes up approx 2.49% of Van Berkom Associates’s portfolio. Livforsakringsbolaget Skandia Omsesidigt added IILG to its portfolio by purchasing 5,397 company shares during the most recent quarter which is valued at $96,067.

Interval Leisure Group closed down -0.09 points or -0.51% at $17.69 with 12,11,316 shares getting traded on Friday. Post opening the session at $17.79, the shares hit an intraday low of $17.5 and an intraday high of $17.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Interval Leisure Group reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.24. The company had revenue of $297.00 million for the quarter, compared to analysts expectations of $350.03 million. The company’s revenue was up 70.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 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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