UBS Asset Management Americas Inc. continued to hold its position in shares of Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,697 shares of the basic materials company’s stock at the close of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Dominion Diamond Corporation were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DDC. JPMorgan Chase & Co. purchased a new stake in Dominion Diamond Corporation in the 1st quarter worth approximately $112,000. Legal & General Group Plc grew its stake in shares of Dominion Diamond Corporation by 7.2% during 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. Westpac Banking Corp purchased a new stake in shares of Dominion Diamond Corporation during the 2nd quarter valued at $149,000. Trexquant Investment LP purchased a new stake in shares of Dominion Diamond Corporation during the 2nd quarter valued at $178,000. Finally, Jane Street Group LLC purchased a new stake in shares of Dominion Diamond Corporation during the 1st quarter valued at $212,000. 60.33% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on DDC shares. Scotiabank cut shares of Dominion Diamond Corporation from a “sector perform” rating to a “tender” rating and set a $14.25 price objective for the company. in a research note on Thursday, September 14th. Royal Bank Of Canada boosted their price objective on shares of Dominion Diamond Corporation from $13.00 to $14.25 and gave the company a “sector perform” rating in a research note on Wednesday, July 19th. BMO Capital Markets cut shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. Citigroup Inc. cut shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.40 to $14.25 in a research note on Wednesday, July 19th. Finally, Gabelli cut shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Dominion Diamond Corporation has an average rating of “Hold” and a consensus price target of $15.75.

Shares of Dominion Diamond Corporation (NYSE:DDC) opened at 14.25 on Wednesday. The stock has a market capitalization of $1.17 billion, a PE ratio of 20.53 and a beta of 0.44. Dominion Diamond Corporation has a 52 week low of $8.29 and a 52 week high of $14.26. The stock’s 50 day moving average is $14.19 and its 200 day moving average is $13.49.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last posted its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $239.78 million during the quarter. Analysts anticipate that Dominion Diamond Corporation will post $1.12 EPS for the current fiscal year.

Dominion Diamond Corporation declared that its board has initiated a share repurchase plan on Monday, July 17th that permits the company to repurchase outstanding shares. This repurchase authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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About Dominion Diamond Corporation

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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