ARP Americas LLC reduced its holdings in shares of Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,186 shares of the basic materials company’s stock after selling 8,229 shares during the quarter. ARP Americas LLC owned approximately 0.06% of Dominion Diamond Corporation worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DDC. PSquared Asset Management AG purchased a new position in Dominion Diamond Corporation during the 2nd quarter valued at about $34,907,000. Marshall Wace LLP acquired a new stake in shares of Dominion Diamond Corporation in the second quarter worth approximately $9,804,000. K2 Principal Fund L.P. boosted its position in shares of Dominion Diamond Corporation by 27.2% in the second quarter. K2 Principal Fund L.P. now owns 3,291,733 shares of the basic materials company’s stock worth $41,344,000 after acquiring an additional 703,183 shares during the last quarter. GLG Partners LP boosted its position in shares of Dominion Diamond Corporation by 160.8% in the second quarter. GLG Partners LP now owns 992,918 shares of the basic materials company’s stock worth $12,474,000 after acquiring an additional 612,225 shares during the last quarter. Finally, Pentwater Capital Management LP acquired a new stake in shares of Dominion Diamond Corporation in the second quarter worth approximately $5,469,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last announced its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). The firm 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%.

Dominion Diamond Corporation announced that its board has initiated a stock buyback plan on Monday, July 17th that permits the company to repurchase shares. This repurchase authorization permits the basic materials company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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DDC has been the topic of a number of recent research reports. Scotiabank cut shares of Dominion Diamond Corporation from a “sector perform” rating to a “tender” rating and set a $14.25 target price on the stock. in a research report on Thursday, September 14th. Gabelli lowered shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada boosted their target price on shares of Dominion Diamond Corporation from $13.00 to $14.25 and gave the company a “sector perform” rating in a research note on Wednesday, July 19th. BidaskClub upgraded shares of Dominion Diamond Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, BMO Capital Markets downgraded shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.75.

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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