298,100 Shares in Dominion Diamond Corp (DDC) Acquired by OxFORD Asset Management LLP
OxFORD Asset Management LLP acquired a new stake in shares of Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 298,100 shares of the basic materials company’s stock, valued at approximately $4,227,000. OxFORD Asset Management LLP owned about 0.36% of Dominion Diamond at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc lifted its position in shares of Dominion Diamond by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 8,874 shares of the basic materials company’s stock worth $112,000 after buying an additional 594 shares during the last quarter. Aperio Group LLC increased its stake in Dominion Diamond by 6.6% during 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 during the period. Toronto Dominion Bank increased its stake in Dominion Diamond by 7.2% during the 2nd quarter. Toronto Dominion Bank now owns 30,921 shares of the basic materials company’s stock valued at $390,000 after buying an additional 2,076 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Dominion Diamond by 57.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,927 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Dominion Diamond by 2.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 98,472 shares of the basic materials company’s stock valued at $1,237,000 after purchasing an additional 2,534 shares in the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.
Several research firms have recently weighed in on DDC. BidaskClub upgraded shares of Dominion Diamond from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Canaccord Genuity restated a “buy” rating and set a $23.00 price objective on shares of Dominion Diamond in a research report on Monday, September 25th. Finally, Scotiabank lowered shares of Dominion Diamond from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $14.50 to $14.25 in a research report on Thursday, September 7th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.75.
Dominion Diamond Corp (DDC) opened at $14.24 on Thursday. Dominion Diamond Corp has a 12-month low of $8.29 and a 12-month high of $14.26. The firm has a market cap of $1,170.00, a PE ratio of 29.06 and a beta of 0.44.
Dominion Diamond (NYSE:DDC) (TSE:DDC) last announced its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Dominion Diamond had a return on equity of 10.52% and a net margin of 12.96%. The firm had revenue of $239.78 million during the quarter. sell-side analysts forecast that Dominion Diamond Corp will post 0.87 earnings per share for the current year.
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Dominion Diamond 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.
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