Elkfork Partners LLC acquired a new position in 3D Systems (NYSE:DDD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,692 shares of the 3D printing company’s stock, valued at approximately $118,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sciencast Management LP bought a new stake in 3D Systems in the fourth quarter worth about $106,000. Xact Kapitalforvaltning AB bought a new stake in 3D Systems in the fourth quarter worth about $116,000. Claraphi Advisory Network LLC bought a new stake in 3D Systems in the fourth quarter worth about $162,000. Virginia Retirement Systems ET AL bought a new stake in 3D Systems in the third quarter worth about $283,000. Finally, New Mexico Educational Retirement Board bought a new stake in 3D Systems in the fourth quarter worth about $244,000. 64.19% of the stock is owned by institutional investors and hedge funds.
3D Systems stock opened at $11.25 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. 3D Systems has a fifty-two week low of $7.92 and a fifty-two week high of $23.70. The company has a market cap of $1,283.23, a PE ratio of -19.74 and a beta of 1.43.
3D Systems (NYSE:DDD) last posted its quarterly earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $177.30 million during the quarter, compared to the consensus estimate of $164.87 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. sell-side analysts predict that 3D Systems will post -0.11 EPS for the current year.
Several analysts have issued reports on DDD shares. William Blair reissued an “outperform” rating on shares of 3D Systems in a research note on Thursday, January 25th. JPMorgan Chase downgraded shares of 3D Systems from a “neutral” rating to an “underweight” rating and set a $11.00 price objective for the company. in a research note on Friday, February 9th. Zacks Investment Research raised shares of 3D Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Susquehanna Bancshares set a $12.00 price objective on shares of 3D Systems and gave the stock a “hold” rating in a research note on Friday, March 16th. Finally, Deutsche Bank raised their price objective 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. Seven investment 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. 3D Systems currently has an average rating of “Hold” and an average target price of $12.33.
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3D Systems 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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