Wealth Effects LLC Boosts Stock Holdings in 3D Systems Co. (NYSE:DDD)

Wealth Effects LLC lifted its holdings in shares of 3D Systems Co. (NYSE:DDD) by 44.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,820 shares of the 3D printing company’s stock after buying an additional 101,920 shares during the quarter. Wealth Effects LLC owned about 0.25% of 3D Systems worth $937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of 3D Systems by 0.7% in the first quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after acquiring an additional 98,797 shares during the period. ARK Investment Management LLC grew its holdings in 3D Systems by 6.4% during the 2nd quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock valued at $9,454,000 after buying an additional 185,347 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in shares of 3D Systems by 32.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock valued at $3,475,000 after buying an additional 302,484 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of 3D Systems by 85.1% in the second 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 3D Systems by 26.0% in the first 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 acquiring an additional 91,976 shares during the period. 64.49% of the stock is owned by institutional investors.

3D Systems Trading Down 3.6 %

NYSE:DDD traded down $0.11 during midday trading on Monday, reaching $2.95. 822,827 shares of the stock traded hands, compared to its average volume of 2,208,740. The stock has a market capitalization of $394.03 million, a P/E ratio of -1.13 and a beta of 1.66. 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 company has a fifty day moving average of $2.55 and a 200 day moving average of $3.22. 3D Systems Co. has a 12 month low of $1.72 and a 12 month high of $6.85.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $113.25 million for the quarter, compared to the consensus estimate of $125.15 million. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. On average, research analysts predict that 3D Systems Co. will post -0.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Loop Capital reduced their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Friday, August 30th. Cantor Fitzgerald cut their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. StockNews.com cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Finally, Lake Street Capital cut their target price on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.25.

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.