Cobalt Capital Management Lowers stake in Diamond Resorts International Inc (DRII)

Diamond Resorts International Inc (DRII) : Cobalt Capital Management reduced its stake in Diamond Resorts International Inc by 5.72% during the most recent quarter end. The investment management company now holds a total of 391,347 shares of Diamond Resorts International Inc which is valued at $11,630,833 after selling 23,743 shares in Diamond Resorts International Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Diamond Resorts International Inc makes up approximately 1.49% of Cobalt Capital Management’s portfolio.

Other Hedge Funds, Including , Point72 Asset Management added DRII to its portfolio by purchasing 125,500 company shares during the most recent quarter which is valued at $3,729,860. Diamond Resorts International Inc makes up approx 0.03% of Point72 Asset Management’s portfolio.Parametric Portfolio Associates reduced its stake in DRII by selling 42,255 shares or 17.14% in the most recent quarter. The Hedge Fund company now holds 204,341 shares of DRII which is valued at $6,073,015. Diamond Resorts International Inc makes up approx 0.01% of Parametric Portfolio Associates’s portfolio. 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. Gabelli Funds added DRII to its portfolio by purchasing 59,000 company shares during the most recent quarter which is valued at $1,733,420. Diamond Resorts International Inc makes up approx 0.01% of Gabelli Funds’s portfolio. Sphinx Trading Lp added DRII to its portfolio by purchasing 6,000 company shares during the most recent quarter which is valued at $181,200. Diamond Resorts International Inc makes up approx 1.46% of Sphinx Trading Lp’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.

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