Hg Vora Capital Management LLC Has Decreased Its Diamondrock Hospitality Co (DRH) Stake by $12.50 Million as Market Valuation Rose

Investors sentiment decreased to 0.83 in Q1 2019. Its down 0.64, from 1.47 in 2018Q4. It is negative, as 23 investors sold DRH shares while 72 reduced holdings. 19 funds opened positions while 60 raised stakes. 207.65 million shares or 0.08% less from 207.80 million shares in 2018Q4 were reported. Vanguard Gp holds 0.01% or 32.45M shares. Swiss National Bank & Trust has 378,900 shares. Ny State Common Retirement Fund reported 250,816 shares. Charles Schwab Inv Incorporated has invested 0.02% of its portfolio in DiamondRock Hospitality Company (NYSE:DRH). Commonwealth Of Pennsylvania Pub School Empls Retrmt owns 69,120 shares for 0.01% of their portfolio. 570,266 were reported by Cramer Rosenthal Mcglynn Ltd. Cibc Asset Mngmt holds 14,843 shares. Com Of Vermont has 183 shares. Bnp Paribas Arbitrage Sa stated it has 394,990 shares. Price T Rowe Md stated it has 0% of its portfolio in DiamondRock Hospitality Company (NYSE:DRH). Shelton Capital Management has 0.08% invested in DiamondRock Hospitality Company (NYSE:DRH). Pzena Invest Mngmt reported 0.08% stake. State Of Tennessee Treasury Department owns 138,391 shares. South Dakota Inv Council has invested 0.02% in DiamondRock Hospitality Company (NYSE:DRH). Dimensional Fund Advisors Limited Partnership invested 0.01% in DiamondRock Hospitality Company (NYSE:DRH).

Hg Vora Capital Management Llc decreased its stake in Diamondrock Hospitality Co (DRH) by 13.89% based on its latest 2019Q1 regulatory filing with the SEC. Hg Vora Capital Management Llc sold 1.25M shares as the company’s stock rose 2.17% with the market. The hedge fund held 7.75M shares of the real estate investment trusts company at the end of 2019Q1, valued at $83.93 million, down from 9.00M at the end of the previous reported quarter. Hg Vora Capital Management Llc who had been investing in Diamondrock Hospitality Co for a number of months, seems to be less bullish one the $2.05B market cap company. The stock increased 0.89% or $0.09 during the last trading session, reaching $10.17. About 905,015 shares traded. DiamondRock Hospitality Company (NYSE:DRH) has declined 8.75% since July 14, 2018 and is downtrending. It has underperformed by 13.18% the S&P500.

Hg Vora Capital Management Llc, which manages about $2.19 billion and $1.36B US Long portfolio, upped its stake in Playa Hotels & Resorts Nv by 750,000 shares to 2.60M shares, valued at $19.84 million in 2019Q1, according to the filing.

Analysts await DiamondRock Hospitality Company (NYSE:DRH) to report earnings on August, 1. They expect $0.31 EPS, down 3.13 % or $0.01 from last year’s $0.32 per share. DRH’s profit will be $62.46 million for 8.20 P/E if the $0.31 EPS becomes a reality. After $0.21 actual EPS reported by DiamondRock Hospitality Company for the previous quarter, Wall Street now forecasts 47.62 % EPS growth.

More notable recent DiamondRock Hospitality Company (NYSE:DRH) news were published by: Seekingalpha.com which released: “DiamondRock acquires hotel at base of Golden Gate Bridge – Seeking Alpha” on December 12, 2018, also Finance.Yahoo.com with their article: “Is Granite Construction Incorporated (GVA) A Good Stock To Buy? – Yahoo Finance” published on April 30, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About NetScout Systems, Inc. (NTCT) – Yahoo Finance” on June 26, 2019. More interesting news about DiamondRock Hospitality Company (NYSE:DRH) were released by: Finance.Yahoo.com and their article: “Does The M/I Homes, Inc. (NYSE:MHO) Share Price Fall With The Market? – Yahoo Finance” published on June 17, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Aerie Pharmaceuticals Inc (AERI) A Good Stock To Buy? – Yahoo Finance” with publication date: June 20, 2019.

DiamondRock Hospitality Company (NYSE:DRH) Ratings Coverage

Among 4 analysts covering Diamondrock Hospitality (NYSE:DRH), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. Diamondrock Hospitality had 8 analyst reports since January 25, 2019 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Wednesday, February 27. The company was upgraded on Thursday, June 27 by Wells Fargo. KeyBanc Capital Markets downgraded the stock to “Underweight” rating in Friday, January 25 report. The company was maintained on Wednesday, February 27 by Morgan Stanley.

DiamondRock Hospitality Company (NYSE:DRH) Institutional Positions Chart

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