Coastland Capital buys $20,270,606 stake in Interval Leisure Group (IILG)

Interval Leisure Group (IILG) : Coastland Capital scooped up 961,108 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 15, 2016. The investment management firm now holds a total of 1,160,974 shares of Interval Leisure Group which is valued at $20,270,606.Interval Leisure Group makes up approximately 2.49% of Coastland Capital’s portfolio.

Other Hedge Funds, Including , Gotham Asset Management boosted its stake in IILG in the latest quarter, The investment management firm added 727,427 additional shares and now holds a total of 1,406,454 shares of Interval Leisure Group which is valued at $24,556,687. Interval Leisure Group makes up approx 0.28% of Gotham Asset Management’s portfolio.Renaissance Technologies reduced its stake in IILG by selling 410,996 shares or 43.59% in the most recent quarter. The Hedge Fund company now holds 531,804 shares of IILG which is valued at $9,285,298. Interval Leisure Group makes up approx 0.02% of Renaissance Technologies’s portfolio.Credit Suisse Ag boosted its stake in IILG in the latest quarter, The investment management firm added 766,306 additional shares and now holds a total of 826,758 shares of Interval Leisure Group which is valued at $14,435,195. Interval Leisure Group makes up approx 0.02% of Credit Suisse Ag’s portfolio.Glenmede Trust Co Na boosted its stake in IILG in the latest quarter, The investment management firm added 25,463 additional shares and now holds a total of 47,890 shares of Interval Leisure Group which is valued at $839,512.Gsa Capital Partners Llp reduced its stake in IILG by selling 31,633 shares or 27.51% in the most recent quarter. The Hedge Fund company now holds 83,340 shares of IILG which is valued at $1,460,950. Interval Leisure Group makes up approx 0.08% of Gsa Capital Partners Llp’s portfolio.

Interval Leisure Group closed down -0.04 points or -0.23% at $17.36 with 9,25,475 shares getting traded on Thursday. Post opening the session at $17.3, the shares hit an intraday low of $17.23 and an intraday high of $17.435 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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