Ajo LP lessened its stake in shares of Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) by 24.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 530,068 shares of the basic materials company’s stock after selling 168,310 shares during the quarter. Ajo LP owned about 0.66% of Dominion Diamond Corporation worth $6,658,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted 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 worth $112,000 after acquiring an additional 594 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Dominion Diamond Corporation by 6.6% during the 2nd quarter. Aperio Group LLC now owns 20,581 shares of the basic materials company’s stock worth $258,000 after acquiring an additional 1,268 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Dominion Diamond Corporation by 11.1% during the 1st quarter. HighTower Advisors LLC now owns 30,000 shares of the basic materials company’s stock worth $379,000 after acquiring an additional 3,000 shares in the last quarter. CWM LLC boosted its stake in shares of Dominion Diamond Corporation by 3.3% during the 2nd quarter. CWM LLC now owns 106,861 shares of the basic materials company’s stock worth $1,342,000 after acquiring an additional 3,374 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Dominion Diamond Corporation by 0.6% during the 1st quarter. Frontier Capital Management Co. LLC now owns 657,806 shares of the basic materials company’s stock worth $8,308,000 after acquiring an additional 3,862 shares in the last quarter. Institutional investors own 59.38% of the company’s stock.

Several analysts have recently issued reports on the company. BidaskClub downgraded Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Citigroup Inc. downgraded Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $14.40 to $14.25 in a research note on Wednesday, July 19th. Gabelli downgraded Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada upped their price target on Dominion Diamond Corporation from $13.00 to $14.25 and gave the stock a “sector perform” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets downgraded Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.03.

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Shares of Dominion Diamond Corporation (NYSE:DDC) opened at 14.16 on Friday. The company has a market cap of $1.16 billion, a P/E ratio of 20.40 and a beta of 0.42. Dominion Diamond Corporation has a 52 week low of $7.96 and a 52 week high of $14.20. The company’s 50-day moving average price is $14.11 and its 200 day moving average price is $12.74.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last released 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). The company had revenue of $239.78 million during the quarter. Dominion Diamond Corporation had a net margin of 8.54% and a return on equity of 3.36%. On average, equities analysts forecast that Dominion Diamond Corporation will post $0.94 EPS for the current fiscal year.

Dominion Diamond Corporation declared that its board has approved a share repurchase program on Monday, July 17th that allows the company to buyback shares. This buyback authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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

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