American Assets Capital Advisers Lowers stake in Diamond Resorts International Inc (DRII)

Diamond Resorts International Inc (DRII) : American Assets Capital Advisers reduced its stake in Diamond Resorts International Inc by 17.24% during the most recent quarter end. The investment management company now holds a total of 196,931 shares of Diamond Resorts International Inc which is valued at $5,852,789 after selling 41,011 shares in Diamond Resorts International Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Diamond Resorts International Inc makes up approximately 3.67% of American Assets Capital Advisers’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management reduced its stake in DRII by selling 6,271 shares or 4.3% in the most recent quarter. The Hedge Fund company now holds 139,492 shares of DRII which is valued at $4,145,702. Diamond Resorts International Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio. Icon Advisers Incco sold out all of its stake in DRII during the most recent quarter. The investment firm sold 9,000 shares of DRII which is valued $267,930. 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.

Diamond Resorts International Inc closed down -0.02 points or -0.07% at $30.06 with 29,88,250 shares getting traded on Friday. Post opening the session at $30.05, the shares hit an intraday low of $30.03 and an intraday high of $30.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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