AdvisorNet Financial Inc cut its stake in 3D Systems Co. (NYSE:DDD) by 27.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,840 shares of the 3D printing company’s stock after selling 5,322 shares during the quarter. AdvisorNet Financial Inc’s holdings in 3D Systems were worth $160,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of 3D Systems by 18.8% in the fourth quarter. LPL Financial LLC now owns 42,936 shares of the 3D printing company’s stock worth $371,000 after purchasing an additional 6,789 shares during the period. Royce & Associates LP acquired a new stake in shares of 3D Systems during the fourth quarter valued at about $4,906,000. ArrowMark Colorado Holdings LLC boosted its stake in shares of 3D Systems by 86.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 5,807,983 shares of the 3D printing company’s stock valued at $50,181,000 after purchasing an additional 2,697,683 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 3D Systems by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 932,185 shares of the 3D printing company’s stock valued at $8,054,000 after purchasing an additional 39,645 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of 3D Systems by 27.1% during the fourth quarter. KBC Group NV now owns 130,406 shares of the 3D printing company’s stock valued at $1,127,000 after purchasing an additional 27,780 shares in the last quarter. 66.71% of the stock is owned by institutional investors.
Shares of 3D Systems stock traded up $0.09 during trading hours on Friday, hitting $12.45. The company’s stock had a trading volume of 1,395,903 shares, compared to its average volume of 2,786,701. The company has a quick ratio of 1.51, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. 3D Systems Co. has a 12-month low of $7.92 and a 12-month high of $22.57. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -21.84 and a beta of 1.41.
3D Systems (NYSE:DDD) last issued its quarterly earnings data on Wednesday, May 2nd. The 3D printing company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The company had revenue of $166.00 million for the quarter, compared to the consensus estimate of $159.59 million. 3D Systems had a negative return on equity of 10.41% and a negative net margin of 11.77%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. equities analysts expect that 3D Systems Co. will post -0.2 earnings per share for the current year.
In other 3D Systems news, Director G Walter Loewenbaum II purchased 4,500 shares of 3D Systems stock in a transaction dated Tuesday, May 29th. The shares were acquired at an average cost of $12.06 per share, with a total value of $54,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is owned by corporate insiders.
A number of research firms recently commented on DDD. ValuEngine raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Loop Capital cut their target price on 3D Systems to $10.00 and set a “hold” rating on the stock in a research report on Thursday, May 3rd. JPMorgan Chase & Co. set a $9.00 price objective on 3D Systems and gave the stock a “sell” rating in a research report on Thursday, May 3rd. Finally, Stifel Nicolaus boosted their price objective on 3D Systems from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, March 15th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.46.
3D Systems Company Profile
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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