New Century Investment Management Inc Lowers stake in Diamond Resorts International Inc (DRII)

Diamond Resorts International Inc (DRII) : New Century Investment Management Inc reduced its stake in Diamond Resorts International Inc by 14.68% during the most recent quarter end. The investment management company now holds a total of 88,900 shares of Diamond Resorts International Inc which is valued at $2,684,780 after selling 15,300 shares in Diamond Resorts International Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Diamond Resorts International Inc makes up approximately 1.38% of New Century Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Mizuho Securities Usa added DRII to its portfolio by purchasing 200,000 company shares during the most recent quarter which is valued at $6,040,000. Diamond Resorts International Inc makes up approx 1.10% of Mizuho Securities Usa’s portfolio.Simplex Trading boosted its stake in DRII in the latest quarter, The investment management firm added 50,122 additional shares and now holds a total of 62,834 shares of Diamond Resorts International Inc which is valued at $1,891,932. Diamond Resorts International Inc makes up approx 0.24% of Simplex Trading’s portfolio. Zelman Capital sold out all of its stake in DRII during the most recent quarter. The investment firm sold 60,495 shares of DRII which is valued $1,818,480.Cutler Group Lp reduced its stake in DRII by selling 8,156 shares or 15.33% in the most recent quarter. The Hedge Fund company now holds 45,061 shares of DRII which is valued at $1,354,534. Diamond Resorts International Inc makes up approx 0.09% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DRII in the latest quarter, The investment management firm added 2,148 additional shares and now holds a total of 2,968 shares of Diamond Resorts International Inc which is valued at $89,485.

Diamond Resorts International Inc opened for trading at $30.07 and hit $30.18 on the upside on Wednesday, eventually ending the session at $30.11, with a gain of 0.20% or 0.06 points. The heightened volatility saw the trading volume jump to 9,49,578 shares. Company has a market cap of $2,099 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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