Dominion Diamond Corporation (NYSE:DDC) Stake Held by American National Insurance Co. TX

American National Insurance Co. TX held its stake in shares of Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,325 shares of the basic materials company’s stock at the end of the second quarter. American National Insurance Co. TX owned about 0.06% of Dominion Diamond Corporation worth $569,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Dominion Diamond Corporation during the first quarter worth approximately $112,000. Fox Run Management L.L.C. acquired a new position in Dominion Diamond Corporation during the first quarter worth approximately $182,000. Sei Investments Co. raised its position in Dominion Diamond Corporation by 529.5% in the first quarter. Sei Investments Co. now owns 16,362 shares of the basic materials company’s stock worth $207,000 after buying an additional 13,763 shares in the last quarter. Jane Street Group LLC acquired a new position in Dominion Diamond Corporation during the first quarter worth approximately $212,000. Finally, Levin Capital Strategies L.P. acquired a new position in Dominion Diamond Corporation during the first quarter worth approximately $235,000. 56.61% of the stock is owned by hedge funds and other institutional investors.

Shares of Dominion Diamond Corporation (NYSE DDC) opened at 14.12 on Thursday. The stock’s market cap is $1.14 billion. The firm has a 50 day moving average of $13.40 and a 200 day moving average of $11.99. Dominion Diamond Corporation has a one year low of $7.92 and a one year high of $14.16.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last released its earnings results on Monday, June 12th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. The firm had revenue of $211 million for the quarter. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue was up 18.3% on a year-over-year basis. On average, equities research analysts predict that Dominion Diamond Corporation will post $0.93 EPS for the current fiscal year.

Dominion Diamond Corporation declared that its board has initiated a share buyback plan on Monday, July 17th that allows the company to repurchase outstanding shares. This repurchase authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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A number of research analysts have commented on the stock. BidaskClub lowered shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Gabelli lowered shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada boosted their price target on shares of Dominion Diamond Corporation from $13.00 to $14.25 and gave the stock a “sector perform” rating in a research note on Wednesday, July 19th. Citigroup Inc. lowered shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $14.40 to $14.25 in a research note on Wednesday, July 19th. Finally, BMO Capital Markets lowered shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $15.07.

Dominion Diamond Corporation Company 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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