Diamond Resorts International Inc (DRII) : Vivaldi Asset Management added new position in Diamond Resorts International Inc during the most recent quarter end. The investment management firm now holds 299,061 shares of Diamond Resorts International Inc which is valued at $8,903,046 , the company said in a statement filed on Aug 9, 2016 with the SEC.Diamond Resorts International Inc makes up approximately 4.74% of Vivaldi Asset Management’s portfolio.
Other Hedge Funds, Including , Scoggin Management Lp sold out all of its stake in DRII during the most recent quarter. The investment firm sold 1,040,000 shares of DRII which is valued $30,690,400. Lsv Asset Management added DRII to its portfolio by purchasing 3,500 company shares during the most recent quarter which is valued at $102,830. Gabelli Securities added DRII to its portfolio by purchasing 128,804 company shares during the most recent quarter which is valued at $3,784,262. Diamond Resorts International Inc makes up approx 0.57% of Gabelli Securities’s portfolio.Swiss National Bank reduced its stake in DRII by selling 6,200 shares or 7.99% in the most recent quarter. The Hedge Fund company now holds 71,414 shares of DRII which is valued at $2,086,717.
Diamond Resorts International Inc opened for trading at $29.95 and hit $30.025 on the upside on Wednesday, eventually ending the session at $29.99, with a gain of 0.27% or 0.08 points. The heightened volatility saw the trading volume jump to 22,11,196 shares. Company has a market cap of $2,092 M.
Many Wall Street Analysts have commented on Diamond Resorts International Inc. Diamond Resorts International Inc was Downgraded by SunTrust to ” Neutral” on Jul 1, 2016. Company shares were Downgraded by MKM Partners on Jun 30, 2016 to ” Neutral”, Firm has raised the Price Target to $ 30.25 from a previous price target of $26 .Diamond Resorts International Inc was Downgraded by Goldman to ” Neutral” on Jun 30, 2016.
Diamond Resorts International Inc. (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates in two segments: hospitality and management services and Vacation Interest Sales and Financing. The Company has a network of approximately 333 vacation destinations located in 34 countries throughout the continental United States Hawaii Canada Mexico the Caribbean Central America South America Europe Asia Australia New Zealand and Africa. Its resort network includes approximately 93 resort properties with approximately 11000 units that it manages and approximately 236 affiliated resorts and hotels and four cruise itineraries which it does not manage and do not carry its brand but are a part of its network and through the Clubs which are available for its members to use as vacation destinations. The Company offers Vacations for Life which is a way to acquire a lifetime of vacations at destinations across the world.