Dominion Diamond Corp (DDC) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,652,716 shares of the basic materials company’s stock after buying an additional 45,091 shares during the quarter. Vanguard Group Inc. owned about 2.05% of Dominion Diamond Corp worth $20,758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc lifted its holdings in shares of Dominion Diamond Corp 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 during the period. Aperio Group LLC lifted its holdings in shares of Dominion Diamond Corp 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 during the period. HighTower Advisors LLC lifted its holdings in shares of Dominion Diamond Corp 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 during the period. CWM LLC lifted its holdings in shares of Dominion Diamond Corp 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 during the period. Finally, Fox Run Management L.L.C. lifted its holdings in shares of Dominion Diamond Corp by 55.6% in the 2nd quarter. Fox Run Management L.L.C. now owns 22,400 shares of the basic materials company’s stock valued at $281,000 after buying an additional 8,000 shares during the period. 60.33% of the stock is owned by institutional investors and hedge funds.

Dominion Diamond Corp (NYSE:DDC) opened at $14.24 on Wednesday. The firm has a market capitalization of $1,170.00, a P/E ratio of 29.06 and a beta of 0.44. Dominion Diamond Corp has a one year low of $8.29 and a one year high of $14.26.

Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) last released its quarterly earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). The company had revenue of $239.78 million for the quarter. Dominion Diamond Corp had a return on equity of 10.52% and a net margin of 12.96%. analysts predict that Dominion Diamond Corp will post 0.87 EPS for the current year.

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Several research firms recently weighed in on DDC. Citigroup Inc. downgraded Dominion Diamond Corp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $14.40 to $14.25 in a research note on Wednesday, July 19th. BMO Capital Markets downgraded Dominion Diamond Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. BidaskClub downgraded Dominion Diamond Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Dominion Diamond Corp in a research note on Monday, September 25th. Finally, Royal Bank Of Canada raised their price objective on Dominion Diamond Corp from $13.00 to $14.25 and gave the company a “sector perform” rating in a research note on Wednesday, July 19th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.96.

About Dominion Diamond Corp

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 Corp (NYSE:DDC)

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