3D Systems Co. (DDD) Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in shares of 3D Systems Co. (NYSE:DDD) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,985 shares of the 3D printing company’s stock after selling 18,660 shares during the quarter. California State Teachers Retirement System owned 0.15% of 3D Systems worth $2,343,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of 3D Systems by 19.4% during the second quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after buying an additional 1,552 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in 3D Systems by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after purchasing an additional 4,326 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in 3D Systems by 76.8% in the second quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after purchasing an additional 4,386 shares during the last quarter. Strategic Wealth Advisors Group LLC purchased a new stake in 3D Systems in the second quarter worth approximately $220,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in 3D Systems in the third quarter worth approximately $260,000. Hedge funds and other institutional investors own 60.35% of the company’s stock.

DDD has been the topic of several research reports. Vetr cut shares of 3D Systems from a “strong-buy” rating to a “buy” rating and set a $11.00 target price on the stock. in a report on Thursday. Loop Capital restated a “hold” rating and issued a $10.00 target price on shares of 3D Systems in a report on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and issued a $11.00 target price (down previously from $15.00) on shares of 3D Systems in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of 3D Systems in a report on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of 3D Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.58.

In other news, Director G Walter Loewenbaum II acquired 6,430 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $8.81 per share, for a total transaction of $56,648.30. Following the transaction, the director now directly owns 1,013,207 shares of the company’s stock, valued at $8,926,353.67. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 47,930 shares of company stock worth $428,048 over the last 90 days. Insiders own 5.00% of the company’s stock.

3D Systems Co. (NYSE DDD) opened at $11.19 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94. 3D Systems Co. has a 52-week low of $7.92 and a 52-week high of $23.70. The firm has a market cap of $1,270.00, a P/E ratio of -24.33 and a beta of 1.47.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $162.22 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. sell-side analysts predict that 3D Systems Co. will post -0.3 EPS for the current fiscal year.

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3D Systems Company 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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Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)

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