Interval Leisure Group Inc. (IILG) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Interval Leisure Group Inc. (NASDAQ:IILG) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “INTERVAL LEISURE GROUP is a leading provider of membership and leisure services to consumers and business-to-business customers in the vacation industry. Its principal business is Interval International, a pioneer and innovator serving the vacation ownership market for more than 32 years. Interval International is a membership-based organization that offers a comprehensive package of year-round benefits, including the opportunity to trade the use of resort time for alternate accommodations. Today, Interval has a network of over 2,400 resorts in excess of 75 countries, and offers its resort clients and approximately two million member families high-quality products and programs through 29 offices in 17 nations. RQH provides vacation rental and property management services to vacationers and vacation property owners across Hawaii with a portfolio of approximately 5,000 units in properties throughout the islands. ILG is headquartered in Miami, Florida, and has approximately 2,900 employees worldwide. “

Several other research firms have also issued reports on IILG. MKM Partners upgraded Interval Leisure Group from a neutral rating to a buy rating and raised their price target for the stock from $16.50 to $25.00 in a research report on Thursday, July 14th. TheStreet upgraded Interval Leisure Group from a hold rating to a buy rating in a research report on Thursday, July 14th.

Interval Leisure Group (NASDAQ:IILG) opened at 17.14 on Wednesday. The stock has a market cap of $2.14 billion, a P/E ratio of 4.92 and a beta of 1.30. Interval Leisure Group has a 52 week low of $10.61 and a 52 week high of $21.98. The stock has a 50 day moving average of $17.13 and a 200-day moving average of $15.74.

Interval Leisure Group (NASDAQ:IILG) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.15. Interval Leisure Group had a return on equity of 12.35% and a net margin of 28.78%. The business had revenue of $297 million for the quarter, compared to analyst estimates of $345.40 million. During the same period last year, the company earned $0.29 EPS. Interval Leisure Group’s revenue for the quarter was up 70.7% compared to the same quarter last year. Analysts forecast that Interval Leisure Group will post $1.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were given a $0.12 dividend. The ex-dividend date was Friday, September 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. Interval Leisure Group’s dividend payout ratio is currently 17.20%.

A hedge fund recently bought a new stake in Interval Leisure Group stock. Norges Bank acquired a new position in Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned approximately 1.10% of Interval Leisure Group at the end of the most recent quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.

About Interval Leisure Group

Interval Leisure Group, Inc (ILG) is a 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. The 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.

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