Public Employees Retirement System of Ohio bought a new position in shares of Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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 approximately 0.11% of Dominion Diamond as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. K2 Principal Fund L.P. raised its holdings in Dominion Diamond by 0.6% in 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 increased its holdings in shares of 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 worth $44,520,000 after buying an additional 360,445 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of 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 worth $33,575,000 after buying an additional 21,800 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 worth $20,758,000 after buying an additional 45,091 shares during the last quarter. Finally, Vivaldi Asset Management LLC acquired a new stake in shares of Dominion Diamond during the 3rd quarter worth approximately $15,702,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dominion Diamond Corp (NYSE:DDC) opened at $14.24 on Friday. Dominion Diamond Corp has a fifty-two week low of $8.29 and a fifty-two week high of $14.26. The firm has a market cap of $1,170.00, a price-to-earnings ratio of 20.06 and a beta of 0.44.
Separately, Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 price objective on shares of Dominion Diamond in a research report on Monday, September 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.44.
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Dominion Diamond 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.
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