Renaissance Technologies LLC Grows Stake in ExOne Co (NASDAQ:XONE)

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Renaissance Technologies LLC grew its position in ExOne Co (NASDAQ:XONE) by 39.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,981 shares of the industrial products company’s stock after purchasing an additional 15,947 shares during the quarter. Renaissance Technologies LLC owned about 0.34% of ExOne worth $522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in ExOne in the first quarter worth $114,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of ExOne during the second quarter worth $145,000. SG Americas Securities LLC acquired a new stake in shares of ExOne during the second quarter worth $236,000. Nikko Asset Management Americas Inc. lifted its stake in shares of ExOne by 32,447.0% during the second quarter. Nikko Asset Management Americas Inc. now owns 708,874 shares of the industrial products company’s stock worth $6,607,000 after buying an additional 706,696 shares during the period. Finally, ARK Investment Management LLC lifted its stake in shares of ExOne by 6.1% during the second quarter. ARK Investment Management LLC now owns 2,304,554 shares of the industrial products company’s stock worth $21,478,000 after buying an additional 133,363 shares during the period. 31.14% of the stock is currently owned by institutional investors and hedge funds.

XONE has been the subject of several research reports. Canaccord Genuity lowered their price objective on shares of ExOne from $12.00 to $10.50 and set a “buy” rating for the company in a research note on Thursday, August 8th. B. Riley set a $12.00 price objective on shares of ExOne and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Zacks Investment Research downgraded shares of ExOne from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $10.58.

NASDAQ:XONE opened at $7.13 on Friday. ExOne Co has a 12 month low of $5.73 and a 12 month high of $11.73. The firm has a fifty day simple moving average of $8.38 and a 200-day simple moving average of $8.20. The company has a current ratio of 1.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.02.

ExOne (NASDAQ:XONE) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.01). ExOne had a negative return on equity of 11.03% and a negative net margin of 9.78%. The company had revenue of $15.28 million for the quarter, compared to analyst estimates of $15.50 million. On average, sell-side analysts predict that ExOne Co will post -0.39 earnings per share for the current year.

About ExOne

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers primarily in North America, Europe, and Asia. The company manufactures and sells 3D printing machines that serves direct and indirect applications, including components and tools to produce a component; and offers pre-production collaboration and print products for customers.

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Institutional Ownership by Quarter for ExOne (NASDAQ:XONE)

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