Public Sector Pension investment Board trimmed its position in Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) by 12.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,510 shares of the basic materials company’s stock after selling 66,200 shares during the period. Public Sector Pension investment Board owned approximately 0.56% of Dominion Diamond Corporation worth $5,636,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Legal & General Group Plc increased its position in Dominion Diamond Corporation by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 8,874 shares of the basic materials company’s stock valued at $112,000 after buying an additional 594 shares in the last quarter. Aperio Group LLC increased its position in Dominion Diamond Corporation by 6.6% in the 2nd quarter. Aperio Group LLC now owns 20,581 shares of the basic materials company’s stock valued at $258,000 after buying an additional 1,268 shares in the last quarter. HighTower Advisors LLC increased its position in Dominion Diamond Corporation by 11.1% in the 1st quarter. HighTower Advisors LLC now owns 30,000 shares of the basic materials company’s stock valued at $379,000 after buying an additional 3,000 shares in the last quarter. CWM LLC increased its position in Dominion Diamond Corporation by 3.3% in the 2nd quarter. CWM LLC now owns 106,861 shares of the basic materials company’s stock valued at $1,342,000 after buying an additional 3,374 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in Dominion Diamond Corporation by 0.6% in the 1st quarter. Frontier Capital Management Co. LLC now owns 657,806 shares of the basic materials company’s stock valued at $8,308,000 after buying an additional 3,862 shares in the last quarter. 59.36% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. Scotiabank lowered Dominion Diamond Corporation from a “sector perform” rating to a “tender” rating and set a $14.25 target price for the company. in a research report on Thursday, September 14th. BidaskClub lowered Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada boosted their target price on Dominion Diamond Corporation from $13.00 to $14.25 and gave the company a “sector perform” rating in a research report on Wednesday, July 19th. Citigroup Inc. lowered Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the company from $14.40 to $14.25 in a research report on Wednesday, July 19th. Finally, Gabelli lowered Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Dominion Diamond Corporation has a consensus rating of “Hold” and a consensus price target of $15.75.

Dominion Diamond Corporation (DDC) opened at 14.18 on Friday. Dominion Diamond Corporation has a 1-year low of $8.29 and a 1-year high of $14.20. The firm’s 50-day moving average price is $14.12 and its 200-day moving average price is $12.89. The firm has a market cap of $1.16 billion, a P/E ratio of 20.43 and a beta of 0.42.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last announced its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). Dominion Diamond Corporation had a net margin of 8.54% and a return on equity of 3.36%. The business had revenue of $239.78 million for the quarter. Equities research analysts anticipate that Dominion Diamond Corporation will post $0.94 earnings per share for the current fiscal year.

Dominion Diamond Corporation declared that its Board of Directors has authorized a share buyback plan on Monday, July 17th that allows the company to buyback shares. This buyback authorization allows the basic materials company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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Dominion Diamond Corporation Profile

Dominion Diamond Corp is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine.

Institutional Ownership by Quarter for Dominion Diamond Corporation (NYSE:DDC)

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