Public Employees Retirement System of Ohio bought a new position in Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 90,000 shares of the basic materials company’s stock, valued at approximately $1,276,000. Public Employees Retirement System of Ohio owned 0.11% of Dominion Diamond at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. K2 Principal Fund L.P. lifted its position in shares of Dominion Diamond by 0.6% during the 3rd quarter. K2 Principal Fund L.P. now owns 3,313,017 shares of the basic materials company’s stock valued at $46,979,000 after acquiring an additional 21,284 shares during the last quarter. PSquared Asset Management AG raised its stake in Dominion Diamond by 13.0% during the 3rd quarter. PSquared Asset Management AG now owns 3,139,625 shares of the basic materials company’s stock valued at $44,520,000 after purchasing an additional 360,445 shares during the period. Renaissance Technologies LLC raised its stake in Dominion Diamond by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,673,198 shares of the basic materials company’s stock valued at $33,575,000 after purchasing an additional 21,800 shares during the period. Vanguard Group Inc. raised its stake in Dominion Diamond by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,652,716 shares of the basic materials company’s stock valued at $20,758,000 after purchasing an additional 45,091 shares during the period. Finally, Vivaldi Asset Management LLC acquired a new stake in Dominion Diamond during the 3rd quarter valued at $15,702,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.
Dominion Diamond Corp (DDC) opened at $14.24 on Friday. The company has a market cap of $1,170.00, a price-to-earnings ratio of 20.06 and a beta of 0.44. Dominion Diamond Corp has a 1 year low of $8.29 and a 1 year high of $14.26.
Several brokerages have issued reports on DDC. Canaccord Genuity reissued a “buy” rating and set a $23.00 target price on shares of Dominion Diamond in a research note on Monday, September 25th. Scotiabank downgraded shares of Dominion Diamond from a “sector perform” rating to a “tender” rating and set a $14.25 price target on the stock. in a research note on Thursday, September 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.44.
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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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