Billings Capital Management Exits Position in Diamond Resorts International Inc (DRII)

Diamond Resorts International Inc (DRII) : Billings Capital Management has sold out all of its stake in Diamond Resorts International Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 725,850 shares of Diamond Resorts International Inc which is valued at $21,572,262.

Other Hedge Funds, Including , Cantab Capital Partners Llp reduced its stake in DRII by selling 2,331 shares or 86.53% in the most recent quarter. The Hedge Fund company now holds 363 shares of DRII which is valued at $10,788. Trexquant Investment Lp sold out all of its stake in DRII during the most recent quarter. The investment firm sold 21,300 shares of DRII which is valued $633,036.Teacher Retirement System Of Texas boosted its stake in DRII in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 5,878 shares of Diamond Resorts International Inc which is valued at $173,460. Sheaff Brock Investment Advisors sold out all of its stake in DRII during the most recent quarter. The investment firm sold 56,200 shares of DRII which is valued $1,651,156.State Of New Jersey Common Pension Fund D boosted its stake in DRII in the latest quarter, The investment management firm added 12,000 additional shares and now holds a total of 263,000 shares of Diamond Resorts International Inc which is valued at $7,684,860. Diamond Resorts International Inc makes up approx 0.03% of State Of New Jersey Common Pension Fund D’s portfolio.

Diamond Resorts International Inc opened for trading at $30.23 and hit $30.25 on the upside on Thursday, eventually ending the session at $30.22, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 14,35,030 shares. Company has a market cap of $2,108 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *