Public Employees Retirement System of Ohio bought a new stake in Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DDC. Legal & General Group Plc raised its stake in Dominion Diamond by 7.2% in the second quarter. Legal & General Group Plc now owns 8,874 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 594 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Dominion Diamond in the second quarter valued at approximately $393,000. Westpac Banking Corp purchased a new stake in Dominion Diamond in the second quarter valued at approximately $149,000. CIBC World Markets Inc. raised its stake in Dominion Diamond by 40.7% in the second quarter. CIBC World Markets Inc. now owns 167,143 shares of the basic materials company’s stock valued at $2,099,000 after purchasing an additional 48,361 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in Dominion Diamond in the second quarter valued at approximately $217,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Dominion Diamond Corp (DDC) opened at $14.24 on Friday. Dominion Diamond Corp has a 52-week low of $8.29 and a 52-week high of $14.26. The company has a market cap of $1,170.00, a P/E ratio of 20.06 and a beta of 0.44.

DDC has been the topic of a number of recent research reports. Scotiabank cut 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 report on Thursday, September 14th. Canaccord Genuity reiterated a “buy” rating and set a $23.00 price target on shares of Dominion Diamond in a research report on Monday, September 25th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently 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.

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

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