New York State Common Retirement Fund trimmed its stake in shares of 3D Systems Co. (NYSE:DDD) by 14.5% during the 1st quarter, HoldingsChannel reports. The firm owned 118,300 shares of the 3D printing company’s stock after selling 19,990 shares during the quarter. New York State Common Retirement Fund’s holdings in 3D Systems were worth $1,371,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Two Sigma Advisers LP lifted its holdings in 3D Systems by 17.3% during the fourth quarter. Two Sigma Advisers LP now owns 39,300 shares of the 3D printing company’s stock valued at $340,000 after purchasing an additional 5,800 shares in the last quarter. LPL Financial LLC lifted its holdings in 3D Systems by 18.8% during the fourth quarter. LPL Financial LLC now owns 42,936 shares of the 3D printing company’s stock valued at $371,000 after purchasing an additional 6,789 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in 3D Systems by 66.7% during the first quarter. Federated Investors Inc. PA now owns 18,207 shares of the 3D printing company’s stock valued at $211,000 after purchasing an additional 7,284 shares in the last quarter. Swiss National Bank lifted its holdings in 3D Systems by 4.8% during the first quarter. Swiss National Bank now owns 188,350 shares of the 3D printing company’s stock valued at $2,183,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in 3D Systems during the first quarter valued at $117,000. 66.07% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director G Walter Loewenbaum II acquired 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The stock was purchased at an average cost of $12.06 per share, for a total transaction of $54,270.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.00% of the company’s stock.
Several research firms have issued reports on DDD. ValuEngine raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. JPMorgan Chase & Co. set a $9.00 price objective on shares of 3D Systems and gave the company a “sell” rating in a report on Thursday, May 3rd. Loop Capital decreased their price objective on shares of 3D Systems to $10.00 and set a “hold” rating on the stock in a report on Thursday, May 3rd. Finally, Susquehanna Bancshares set a $12.00 price objective on shares of 3D Systems and gave the company a “hold” rating in a report on Friday, March 16th. Seven analysts have rated the stock with a sell rating, nine have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $10.87.
3D Systems opened at $13.60 on Friday, MarketBeat reports. The company has a current ratio of 2.02, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.53 billion, a PE ratio of -23.86 and a beta of 1.40. 3D Systems Co. has a twelve month low of $7.92 and a twelve month high of $20.70.
3D Systems (NYSE:DDD) last posted its quarterly earnings results 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 business had revenue of $166.00 million during the quarter, compared to analysts’ expectations of $159.59 million. 3D Systems had a negative return on equity of 10.41% and a negative net margin of 11.77%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. research analysts anticipate that 3D Systems Co. will post -0.21 earnings per share for the current year.
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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