Diamond Resorts International Inc (NASDAQ:DRII) major shareholder Lowell D. Kraff sold 81,247 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $30.16, for a total transaction of $2,450,409.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Several analysts recently commented on DRII shares. SunTrust Banks Inc. downgraded shares of Diamond Resorts International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $30.25 in a research report on Friday, July 1st. MKM Partners downgraded shares of Diamond Resorts International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $26.00 to $30.25 in a research report on Thursday, June 30th. Zacks Investment Research upgraded shares of Diamond Resorts International from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, June 20th. Finally, Goldman Sachs Group Inc. downgraded shares of Diamond Resorts International from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research report on Wednesday, June 29th.
Shares of Diamond Resorts International Inc (NASDAQ:DRII) traded down 0.13% during trading on Wednesday, reaching $30.13. 1,238,979 shares of the company’s stock were exchanged. Diamond Resorts International Inc has a 52 week low of $16.19 and a 52 week high of $31.66. The company’s 50-day moving average is $27.71 and its 200 day moving average is $23.03. The stock has a market capitalization of $2.10 billion and a PE ratio of 14.16.
Diamond Resorts International, Inc (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates through two segments: hospitality and management services, and Vacation Interest Sales and Financing. Its hospitality and management services segment manages a network of resort properties and provides services to a member base across the world.
