Interval Leisure Group, Inc. (NASDAQ:IILG) was in 9 hedge funds’ portfolio at the end of the fourth quarter of 2012. IILG shareholders have witnessed a decrease in activity from the world’s largest hedge funds in recent months. There were 12 hedge funds in our database with IILG positions at the end of the previous quarter.
In the 21st century investor’s toolkit, there are many indicators shareholders can use to track stocks. A duo of the best are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top investment managers can beat their index-focused peers by a very impressive margin (see just how much).
Equally as integral, optimistic insider trading activity is a second way to break down the world of equities. There are a variety of stimuli for a corporate insider to sell shares of his or her company, but only one, very obvious reason why they would behave bullishly. Many academic studies have demonstrated the market-beating potential of this strategy if you understand what to do (learn more here).
Now, let’s take a gander at the latest action surrounding Interval Leisure Group, Inc. (NASDAQ:IILG).
How are hedge funds trading Interval Leisure Group, Inc. (NASDAQ:IILG)?
Heading into 2013, a total of 9 of the hedge funds we track were long in this stock, a change of -25% from the previous quarter. With hedgies’ sentiment swirling, there exists a few notable hedge fund managers who were boosting their holdings substantially.
Of the funds we track, Wallace R. Weitz & Co., managed by Wallace Weitz, holds the biggest position in Interval Leisure Group, Inc. (NASDAQ:IILG). Wallace R. Weitz & Co. has a $48.7 million position in the stock, comprising 2.2% of its 13F portfolio. The second largest stake is held by Jeffrey Gates of Gates Capital Management, with a $41.7 million position; 2.6% of its 13F portfolio is allocated to the stock. Remaining hedge funds that hold long positions include Brian Bares’s Bares Capital Management, D. E. Shaw’s D E Shaw and Jim Simons’s Renaissance Technologies.
Since Interval Leisure Group, Inc. (NASDAQ:IILG) has experienced a declination in interest from the entirety of the hedge funds we track, it’s safe to say that there is a sect of hedge funds who sold off their positions entirely heading into 2013. At the top of the heap, David Costen Haley’s HBK Investments cut the largest investment of the “upper crust” of funds we monitor, totaling close to $0.5 million in stock., and Paul Tudor Jones of Tudor Investment Corp was right behind this move, as the fund dumped about $0.2 million worth. These transactions are interesting, as aggregate hedge fund interest dropped by 3 funds heading into 2013.
How are insiders trading Interval Leisure Group, Inc. (NASDAQ:IILG)?
Bullish insider trading is best served when the company in focus has experienced transactions within the past six months. Over the last half-year time frame, Interval Leisure Group, Inc. (NASDAQ:IILG) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Interval Leisure Group, Inc. (NASDAQ:IILG). These stocks are Euronet Worldwide, Inc. (NASDAQ:EEFT), VistaPrint Limited (NASDAQ:VPRT), ABM Industries, Inc. (NYSE:ABM), Heartland Payment Systems, Inc. (NYSE:HPY), and Cardtronics, Inc. (NASDAQ:CATM). This group of stocks are in the business services industry and their market caps are closest to IILG’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Euronet Worldwide, Inc. (NASDAQ:EEFT) | 10 | 0 | 4 |
| VistaPrint Limited (NASDAQ:VPRT) | 9 | 3 | 3 |
| ABM Industries, Inc. (NYSE:ABM) | 10 | 0 | 4 |
| Heartland Payment Systems, Inc. (NYSE:HPY) | 11 | 1 | 2 |
| Cardtronics, Inc. (NASDAQ:CATM) | 9 | 1 | 5 |
With the results exhibited by the aforementioned strategies, everyday investors should always keep an eye on hedge fund and insider trading activity, and Interval Leisure Group, Inc. (NASDAQ:IILG) shareholders fit into this picture quite nicely.
