SG Americas Securities LLC raised its position in shares of 3D Systems Co. (NYSE:DDD) by 19.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,412 shares of the 3D printing company’s stock after purchasing an additional 14,594 shares during the quarter. SG Americas Securities LLC owned 0.08% of 3D Systems worth $1,709,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of 3D Systems by 8.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 64,431 shares of the 3D printing company’s stock valued at $1,218,000 after purchasing an additional 5,152 shares during the period. IFP Advisors Inc grew its stake in shares of 3D Systems by 19.1% during the 3rd quarter. IFP Advisors Inc now owns 38,997 shares of the 3D printing company’s stock valued at $737,000 after purchasing an additional 6,260 shares during the period. Alps Advisors Inc. grew its stake in shares of 3D Systems by 32.2% during the 3rd quarter. Alps Advisors Inc. now owns 28,127 shares of the 3D printing company’s stock valued at $532,000 after purchasing an additional 6,846 shares during the period. Parallel Advisors LLC grew its stake in shares of 3D Systems by 49.6% during the 3rd quarter. Parallel Advisors LLC now owns 21,966 shares of the 3D printing company’s stock valued at $415,000 after purchasing an additional 7,283 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of 3D Systems by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock valued at $5,719,000 after purchasing an additional 7,565 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.
DDD stock opened at $12.38 on Monday. 3D Systems Co. has a twelve month low of $8.53 and a twelve month high of $21.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 2.29. The stock has a market cap of $1.41 billion, a PE ratio of -21.72 and a beta of 1.90.
3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, October 30th. The 3D printing company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). 3D Systems had a negative net margin of 7.53% and a negative return on equity of 5.12%. The company had revenue of $164.50 million for the quarter, compared to analysts’ expectations of $171.82 million. During the same period in the previous year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that 3D Systems Co. will post -0.13 earnings per share for the current fiscal year.
In other news, EVP Andrew Martin Johnson sold 4,200 shares of 3D Systems stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $17.80, for a total transaction of $74,760.00. Following the transaction, the executive vice president now directly owns 208,825 shares of the company’s stock, valued at approximately $3,717,085. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.00% of the stock is owned by insiders.
A number of research firms have issued reports on DDD. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Monday, August 13th. B. Riley boosted their price target on 3D Systems from $7.00 to $9.00 and gave the company a “sell” rating in a research note on Wednesday, August 8th. Susquehanna Bancshares set a $16.00 price objective on 3D Systems and gave the company a “hold” rating in a research report on Friday, August 10th. Canaccord Genuity reaffirmed a “hold” rating and set a $13.00 price objective (up from $11.00) on shares of 3D Systems in a research report on Wednesday, August 8th. Finally, ValuEngine raised 3D Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.74.
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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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