The Dominion Diamond Corporation (NYSE:DDC) Position Boosted by Credit Suisse AG

Paterniano Del Favero
Agosto 6, 2017

Tocqueville Asset Management L.P. now owns 247,721 shares of the basic materials company's stock worth $3,129,000 after buying an additional 120,000 shares during the period. Moody National Bank Trust Division's holdings in Dominion Diamond Corporation were worth $390,000 as of its most recent SEC filing.

A number of research firms recently issued reports on DDC. Sei Investments Co. raised its stake in shares of Dominion Diamond Corporation by 529.5% in the first quarter. Sei Investments Co. now owns 16,362 shares of the basic materials company's stock worth $207,000 after buying an additional 13,763 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Dominion Diamond Corporation by 56.3% in the first quarter. Geneva Advisors LLC now owns 60,650 shares of the basic materials company's stock valued at $766,000 after buying an additional 8,565 shares during the period. Marshall Wace North America L.P. purchased a new position in Dominion Diamond Corporation during the second quarter valued at about $393,000. 3,351,875 shares of the company traded hands. Allianz Asset Management AG purchased a new stake in shares of Dominion Diamond Corporation during the fourth quarter valued at approximately $320,000. Institutional investors and hedge funds own 55.31% of the company's stock.

Dominion Diamond Corporation (NYSE:DDC) opened at 14.12 on Friday. The company's 50 day moving average price is $13.19 and its 200-day moving average price is $11.85. The company's market cap is $1.13 billion. Dominion Diamond Corporation has a one year low of $7.92 and a one year high of $14.16.

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Dominion Diamond Corporation (NYSE:DDC). The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.04. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. 472724 shares were traded on Dominion Diamond Corporation's last session. During the same period in the prior year, the firm earned ($0.01) earnings per share. Equities analysts anticipate that Dominion Diamond Corporation will post $0.93 earnings per share for the current fiscal year. This repurchase authorization authorizes the basic materials company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This story was first posted by Week Herald and is owned by of Week Herald. If you are reading this news story on another publication, it was copied illegally and republished in violation of global copyright law. The original version of this piece of content can be accessed at https://www.baseball-news-blog.com/2017/08/05/dominion-diamond-corporation-nyseddc-shares-bought-by-cwm-llc-updated-updated-updated.html. Royal Bank Of Canada increased their target price on 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. Citigroup Inc. lowered Dominion Diamond Corporation from a "buy" rating to a "neutral" rating and cut their target price for the company from $14.40 to $14.25 in a research note on Wednesday, July 19th. Gabelli initiated coverage on shares of Dominion Diamond Corporation in a research report on Monday, April 3rd. Gabelli cut shares of Dominion Diamond Corporation from a "buy" rating to a "hold" rating in a report on Tuesday, July 18th. Gabelli cut Dominion Diamond Corporation from a "buy" rating to a "hold" rating in a report on Tuesday, July 18th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. The stock presently has an average rating of "Hold" and a consensus target price of $15.07.

Dominion Diamond Corp (NYSE:DDC) has risen 25.12% since August 4, 2016 and is uptrending.

In the market the company is trading up since yesterday's close of $14.04. It operates through Diavik Diamond Mine and Ekati Diamond Mine segments. 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.

Other large investors have also made changes to their positions in the company.

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