MKM Partners Upgrades Interval Leisure Group to Buy

Brokerage firm MKM Partners Upgrades its rating on Interval Leisure Group(NASDAQ:IILG). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by MKM Partners was issued on Jul 14, 2016.

Interval Leisure Group (IILG) made into the market gainers list on Mondays trading session with the shares advancing 0.34% or 0.06 points. Due to strong positive momentum, the stock ended at $17.8, which is also near the day’s high of $17.97. The stock began the session at $17.79 and the volume stood at 21,64,548 shares. The 52-week high of the shares is $22.12 and the 52 week low is $10.61. The company has a current market capitalization of $2,322 M and it has 13,04,26,708 shares in outstanding.

Interval Leisure Group(IILG) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $185.92M. Analysts had an estimated revenue of $190.59M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Thomas O Ryder (director) purchased 30,000 shares at $14.68 per share price.Also, On Dec 8, 2015, William L Harvey (CFO) purchased 3,500 shares at $14.41 per share price.On Dec 8, 2015, Jeanette E Marbert (COO) purchased 3,500 shares at $14.26 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.

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