Is ILG Inc (ILG) A Good Stock To Buy?

Judging by the fact that Interval Leisure Group, Inc. (NASDAQ:ILG) has encountered declining sentiment from hedge fund managers, it’s safe to say that there was a specific group of hedgies that slashed their entire stakes heading into Q4. Interestingly, Gordy Holterman and Derek Dunn’s Overland Advisors dumped the biggest position of the “upper crust” of funds monitored by Insider Monkey, worth an estimated $18.5 million in stock, and Noam Gottesman’s GLG Partners was right behind this move, as the fund sold off about $8.2 million worth of shares.

Let’s now review hedge fund activity in other stocks similar to Interval Leisure Group, Inc. (NASDAQ:ILG). These stocks are Shopify Inc (NYSE:SHOP), Hilltop Holdings Inc. (NYSE:HTH), INC Research Holdings Inc (NASDAQ:INCR), and Northstar Realty Finance Corp. (NYSE:NRF). This group of stocks’ market caps match ILG’s market cap.

As you can see these stocks had an average of 27 hedge funds with bullish positions and the average amount invested in these stocks was $292 million. That figure was $285 million in ILG’s case. Northstar Realty Finance Corp. (NYSE:NRF) is the most popular stock in this table. On the other hand Hilltop Holdings Inc. (NYSE:HTH) is the least popular one with only 15 bullish hedge fund positions. Interval Leisure Group, Inc. (NASDAQ:ILG) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NRF, SHOP, and INCR might all be better candidates to consider taking a long position in.

Disclosure: None