WINTON GROUP Ltd acquired a new stake in shares of 3D Systems Co. (NYSE:DDD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 512,107 shares of the 3D printing company’s stock, valued at approximately $9,679,000. WINTON GROUP Ltd owned approximately 0.45% of 3D Systems at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DDD. JPMorgan Chase & Co. boosted its stake in shares of 3D Systems by 329.2% during the first quarter. JPMorgan Chase & Co. now owns 72,319 shares of the 3D printing company’s stock valued at $839,000 after acquiring an additional 103,871 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of 3D Systems by 38.1% during the first quarter. Guggenheim Capital LLC now owns 143,095 shares of the 3D printing company’s stock valued at $1,659,000 after acquiring an additional 39,474 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of 3D Systems by 1.6% during the first quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock valued at $5,719,000 after acquiring an additional 7,565 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of 3D Systems during the second quarter valued at $513,000. Finally, Louisiana State Employees Retirement System boosted its stake in shares of 3D Systems by 70.6% during the second quarter. Louisiana State Employees Retirement System now owns 51,000 shares of the 3D printing company’s stock valued at $704,000 after acquiring an additional 21,100 shares during the last quarter. Institutional investors and hedge funds own 70.53% of the company’s stock.
A number of analysts recently commented on the company. ValuEngine lowered 3D Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. Loop Capital decreased their price objective on 3D Systems to $14.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. Gabelli lowered 3D Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Piper Jaffray Companies raised 3D Systems from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $14.00 to $17.00 in a research note on Wednesday, October 24th. Finally, Zacks Investment Research lowered 3D Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.74.
Shares of 3D Systems stock traded up $0.25 during trading hours on Friday, reaching $13.11. The stock had a trading volume of 1,408,244 shares, compared to its average volume of 3,506,338. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -23.00 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.50. 3D Systems Co. has a 1 year low of $8.05 and a 1 year high of $21.78.
3D Systems (NYSE:DDD) last released its quarterly earnings data on Tuesday, October 30th. The 3D printing company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $164.50 million during the quarter, compared to analysts’ expectations of $171.82 million. 3D Systems had a negative return on equity of 5.12% and a negative net margin of 7.53%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) earnings per share. Research analysts anticipate that 3D Systems Co. will post -0.13 EPS for the current year.
In other news, EVP Andrew Martin Johnson sold 4,200 shares of the firm’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $17.95, for a total value of $75,390.00. Following the transaction, the executive vice president now directly owns 213,025 shares in the company, valued at approximately $3,823,798.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Kevin Mcalea sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $21.21, for a total value of $424,200.00. Following the completion of the transaction, the chief operating officer now owns 250,257 shares in the company, valued at $5,307,950.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,400 shares of company stock worth $574,350. Company insiders own 5.00% of the company’s stock.
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About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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