Exchange Traded Concepts LLC Sells 25,387 Shares of 3D Systems Co. (NYSE:DDD)

Exchange Traded Concepts LLC reduced its holdings in shares of 3D Systems Co. (NYSE:DDD) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,134,471 shares of the 3D printing company’s stock after selling 25,387 shares during the quarter. Exchange Traded Concepts LLC’s holdings in 3D Systems were worth $8,902,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of 3D Systems by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock valued at $63,127,000 after purchasing an additional 98,797 shares during the period. ARK Investment Management LLC lifted its holdings in 3D Systems by 6.4% in the 2nd quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock worth $9,454,000 after buying an additional 185,347 shares during the period. Silverberg Bernstein Capital Management LLC lifted its holdings in 3D Systems by 32.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after buying an additional 302,484 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after buying an additional 403,175 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 3D Systems by 26.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,099 shares of the 3D printing company’s stock valued at $1,976,000 after purchasing an additional 91,976 shares during the period. 64.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DDD. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Lake Street Capital dropped their price target on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Friday, August 30th. Cantor Fitzgerald lowered their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Loop Capital lowered their price objective on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Up 5.2 %

Shares of NYSE DDD opened at $3.01 on Monday. The stock has a 50 day moving average price of $2.51 and a 200 day moving average price of $3.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.42 and a current ratio of 3.46. The firm has a market capitalization of $402.05 million, a price-to-earnings ratio of -1.11 and a beta of 1.66. 3D Systems Co. has a 52-week low of $1.72 and a 52-week high of $6.85.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The business had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. Sell-side analysts expect that 3D Systems Co. will post -0.67 earnings per share for the current year.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.