Is Interval Leisure Group, Inc. (IILG) A Good Stock To Buy?

Because Interval Leisure Group, Inc. (NASDAQ:IILG) has faced a bearish sentiment from the aggregate hedge fund industry, it’s safe to say that there is a sect of money managers that decided to sell off their full holdings by the end of the third quarter. Interestingly, Robert B. Gillam’s McKinley Capital Management dumped the biggest investment of the “upper crust” of funds monitored by Insider Monkey, comprising close to $4.2 million in stock. Neil Chriss’ fund, Hutchin Hill Capital, also said goodbye to its stock, about $0.7 million worth of shares. These moves are interesting, as total hedge fund interest was cut by 3 funds by the end of the third quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Interval Leisure Group, Inc. (NASDAQ:IILG) but similarly valued. We will take a look at California Water Service Group (NYSE:CWT), Sibanye Gold Ltd (ADR) (NYSE:SBGL), Renren Inc (NYSE:RENN), and TerraForm Global Inc (NASDAQ:GLBL). This group of stocks’ market values match Interval Leisure Group, Inc. (NASDAQ:IILG)’s market value.

As you can see, these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $86 million. That figure was $70 million in Interval Leisure Group, Inc. (NASDAQ:IILG)’s case. TerraForm Global Inc (NASDAQ:GLBL) is the most popular stock in this table. On the other hand, Renren Inc (NYSE:RENN) is the least popular one with only 6 bullish hedge fund positions. Interval Leisure Group, Inc. (NASDAQ:IILG) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, TerraForm Global Inc (NASDAQ:GLBL) might be a better candidate to consider a long position.