3D Systems Co. (NYSE:DDD) Shares Sold by Coatue Management LLC


Coatue Management LLC lowered its position in 3D Systems Co. (NYSE:DDD) by 69.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,888 shares of the 3D printing company’s stock after selling 670,179 shares during the period. Coatue Management LLC owned about 0.26% of 3D Systems worth $2,513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DDD. Ark Investment Management LLC increased its position in shares of 3D Systems by 18.3% in the 2nd quarter. Ark Investment Management LLC now owns 99,378 shares of the 3D printing company’s stock valued at $1,858,000 after buying an additional 15,363 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of 3D Systems by 4.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 168,514 shares of the 3D printing company’s stock valued at $3,151,000 after buying an additional 6,614 shares in the last quarter. Stifel Financial Corp increased its position in shares of 3D Systems by 2.4% in the 2nd quarter. Stifel Financial Corp now owns 19,558 shares of the 3D printing company’s stock valued at $367,000 after buying an additional 459 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of 3D Systems by 6.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 96,464 shares of the 3D printing company’s stock valued at $1,292,000 after buying an additional 5,920 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of 3D Systems by 752.1% in the 3rd quarter. First Trust Advisors LP now owns 87,391 shares of the 3D printing company’s stock valued at $1,170,000 after buying an additional 77,135 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

DDD stock traded down $0.22 during trading on Friday, hitting $11.43. 2,001,250 shares of the stock were exchanged, compared to its average volume of 3,696,277. 3D Systems Co. has a one year low of $7.92 and a one year high of $23.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.62 and a current ratio of 2.12. The firm has a market cap of $1,326.50, a P/E ratio of -19.37 and a beta of 1.56.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Wednesday, March 14th. The 3D printing company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. 3D Systems had a negative net margin of 10.24% and a negative return on equity of 8.48%. The company had revenue of $177.30 million during the quarter, compared to the consensus estimate of $164.87 million. During the same period in the prior year, the business posted $0.15 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. analysts expect that 3D Systems Co. will post -0.12 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Deutsche Bank upped their target price on shares of 3D Systems from $9.00 to $13.00 and gave the stock a “hold” rating in a research note on Friday, March 16th. Stifel Nicolaus upped their target price on shares of 3D Systems from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, March 15th. Susquehanna Bancshares set a $12.00 target price on shares of 3D Systems and gave the stock a “hold” rating in a research note on Friday, March 16th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of 3D Systems in a research note on Thursday, March 15th. Finally, Zacks Investment Research raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. 3D Systems has a consensus rating of “Hold” and a consensus target price of $12.33.

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3D Systems Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)



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