Vident Investment Advisory LLC grew its holdings in shares of 3D Systems Co. (NYSE:DDD) by 155.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 959,422 shares of the 3D printing company’s stock after purchasing an additional 583,193 shares during the period. Vident Investment Advisory LLC owned approximately 0.84% of 3D Systems worth $12,847,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of DDD. Strs Ohio acquired a new position in shares of 3D Systems in the 2nd quarter valued at $115,000. PNC Financial Services Group Inc. increased its position in shares of 3D Systems by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after acquiring an additional 1,552 shares during the period. Riverhead Capital Management LLC increased its position in shares of 3D Systems by 77.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock valued at $186,000 after acquiring an additional 4,326 shares during the period. Flinton Capital Management LLC increased its position in shares of 3D Systems by 76.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after acquiring an additional 4,386 shares during the period. Finally, Trent Capital Management Inc. NC acquired a new position in shares of 3D Systems in the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 60.55% of the company’s stock.
In other news, Director G Walter Loewenbaum II purchased 40,500 shares of 3D Systems stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of $8.94 per share, with a total value of $362,070.00. Following the transaction, the director now owns 1,053,707 shares in the company, valued at $9,420,140.58. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have bought 47,930 shares of company stock worth $428,048. Corporate insiders own 5.00% of the company’s stock.
3D Systems (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The business had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $162.22 million. During the same period last year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. sell-side analysts forecast that 3D Systems Co. will post -0.3 EPS for the current fiscal year.
Several equities research analysts have weighed in on DDD shares. Piper Jaffray Companies raised 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 price target on the stock in a research report on Monday, November 20th. Bank of America downgraded 3D Systems from a “buy” rating to an “underperform” rating and increased their price target for the stock from $9.63 to $12.38 in a research report on Wednesday, November 1st. Zacks Investment Research cut 3D Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. Citigroup dropped their target price on 3D Systems from $13.00 to $8.50 and set a “sell” rating on the stock in a research report on Thursday, November 2nd. Finally, Jefferies Group restated a “hold” rating and set a $17.00 target price on shares of 3D Systems in a research report on Tuesday, October 3rd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.97.
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3D Systems Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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