Presidio Capital Management LLC Has $142,000 Stake in 3D Systems Co. (NYSE:DDD)

Presidio Capital Management LLC decreased its holdings in 3D Systems Co. (NYSE:DDD) by 16.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,900 shares of the 3D printing company’s stock after selling 9,636 shares during the quarter. Presidio Capital Management LLC’s holdings in 3D Systems were worth $142,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. ARK Investment Management LLC increased its holdings in 3D Systems by 26.0% in the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after buying an additional 799,157 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased 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 valued at $2,692,000 after buying an additional 403,175 shares during the period. Silverberg Bernstein Capital Management LLC increased 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 valued at $3,475,000 after buying an additional 302,484 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in 3D Systems in the 2nd quarter valued at about $824,000. Finally, Wealth Effects LLC increased its holdings in 3D Systems by 44.7% in the 3rd quarter. Wealth Effects LLC now owns 329,820 shares of the 3D printing company’s stock valued at $937,000 after buying an additional 101,920 shares during the period. 64.49% of the stock is owned by institutional investors.

3D Systems Trading Down 5.0 %

DDD opened at $3.39 on Friday. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.46 and a quick ratio of 2.42. The firm has a market capitalization of $452.80 million, a price-to-earnings ratio of -1.25 and a beta of 1.65. The company’s 50 day moving average price is $2.74 and its two-hundred day moving average price is $3.16.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DDD. Lake Street Capital decreased their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Friday, August 30th. Loop Capital decreased their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Finally, Cantor Fitzgerald decreased their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, 3D Systems currently has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Profile

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.