Allianz Asset Management GmbH Buys 262,758 Shares of Dominion Diamond Corp (NYSE:DDC)

Allianz Asset Management GmbH raised its position in shares of Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) by 796.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 295,761 shares of the basic materials company’s stock after purchasing an additional 262,758 shares during the period. Allianz Asset Management GmbH owned about 0.36% of Dominion Diamond worth $4,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Dominion Diamond by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 346,206 shares of the basic materials company’s stock valued at $4,373,000 after buying an additional 9,625 shares in the last quarter. Aperio Group LLC increased its position 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 in the last quarter. Trexquant Investment LP acquired a new position in Dominion Diamond during the 2nd quarter valued at about $178,000. State of Wisconsin Investment Board increased its position in Dominion Diamond by 367.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 168,300 shares of the basic materials company’s stock valued at $2,114,000 after buying an additional 132,300 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Dominion Diamond 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 in the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.

Separately, Canaccord Genuity reiterated a “buy” rating and set a $23.00 price target on shares of Dominion Diamond in a research note on Monday, September 25th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Dominion Diamond currently has an average rating of “Hold” and an average target price of $16.44.

Shares of Dominion Diamond Corp (DDC) remained flat at $$14.24 during mid-day trading 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 12-month low of $8.29 and a 12-month high of $14.26.

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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.

Institutional Ownership by Quarter for Dominion Diamond (NYSE:DDC)

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