Candriam Luxembourg S.C.A. Has $3,768,000 Position in Dominion Diamond Corporation (DDC)

Candriam Luxembourg S.C.A. maintained its stake in Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,000 shares of the basic materials company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A. owned 0.37% of Dominion Diamond Corporation worth $3,768,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in Dominion Diamond Corporation by 11.9% in the first quarter. Neuberger Berman Group LLC now owns 2,890,263 shares of the basic materials company’s stock worth $36,504,000 after buying an additional 307,837 shares during the period. K2 Principal Fund L.P. increased its stake in Dominion Diamond Corporation by 2.8% in the first quarter. K2 Principal Fund L.P. now owns 2,588,550 shares of the basic materials company’s stock worth $31,477,000 after buying an additional 69,500 shares during the period. FMR LLC increased its stake in Dominion Diamond Corporation by 8.5% in the first quarter. FMR LLC now owns 1,320,385 shares of the basic materials company’s stock worth $16,701,000 after buying an additional 103,800 shares during the period. Schroder Investment Management Group increased its stake in Dominion Diamond Corporation by 17.5% in the first quarter. Schroder Investment Management Group now owns 1,153,303 shares of the basic materials company’s stock worth $19,398,000 after buying an additional 171,907 shares during the period. Finally, Norges Bank purchased a new stake in Dominion Diamond Corporation during the fourth quarter worth approximately $9,880,000. 57.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Dominion Diamond Corporation (NYSE DDC) traded down 0.07% during mid-day trading on Friday, hitting $14.08. The company had a trading volume of 356,141 shares. The firm has a 50-day moving average price of $13.70 and a 200 day moving average price of $12.17. Dominion Diamond Corporation has a 12 month low of $7.92 and a 12 month high of $14.16. The firm’s market capitalization is $1.13 billion.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last released its quarterly earnings results on Monday, June 12th. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The company had revenue of $211 million during the quarter. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) EPS. On average, equities research analysts forecast that Dominion Diamond Corporation will post $0.93 earnings per share for the current fiscal year.

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

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A number of equities research analysts recently commented on DDC shares. Royal Bank Of Canada lifted their target price on Dominion Diamond Corporation from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Thursday, May 18th. Scotiabank lifted their price target on Dominion Diamond Corporation from $14.00 to $14.50 and gave the company an “outperform” rating in a research report on Thursday, June 1st. BMO Capital Markets cut Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Dominion Diamond Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Gabelli cut Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $15.07.

About Dominion Diamond Corporation

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 Corporation (NYSE:DDC)

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