Retirement Systems of Alabama raised its position in 3D Systems Corp. (NYSE:DDD) by 0.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,365 shares of the 3D printing company’s stock after buying an additional 61 shares during the period. Retirement Systems of Alabama owned 0.12% of 3D Systems Corp. worth $2,466,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. BlackRock Fund Advisors raised its stake in shares of 3D Systems Corp. by 43.6% in the second quarter. BlackRock Fund Advisors now owns 5,705,547 shares of the 3D printing company’s stock worth $78,109,000 after buying an additional 1,733,230 shares in the last quarter. State Street Corp raised its stake in shares of 3D Systems Corp. by 22.5% in the second quarter. State Street Corp now owns 3,400,659 shares of the 3D printing company’s stock worth $46,554,000 after buying an additional 625,061 shares during the period. First Trust Advisors LP purchased a new stake in shares of 3D Systems Corp. during the second quarter worth $5,498,000. Vanguard Group Inc. raised its stake in shares of 3D Systems Corp. by 5.2% in the second quarter. Vanguard Group Inc. now owns 7,901,068 shares of the 3D printing company’s stock worth $108,165,000 after buying an additional 392,703 shares during the period. Finally, BlackRock Investment Management LLC raised its stake in shares of 3D Systems Corp. by 108.0% in the second quarter. BlackRock Investment Management LLC now owns 661,073 shares of the 3D printing company’s stock worth $9,050,000 after buying an additional 343,313 shares during the period. 48.62% of the stock is owned by hedge funds and other institutional investors.
Shares of 3D Systems Corp. (NYSE:DDD) traded down 3.34% during mid-day trading on Thursday, reaching $14.20. The company’s stock had a trading volume of 1,546,545 shares. The company’s 50-day moving average is $14.45 and its 200-day moving average is $14.64. The stock’s market capitalization is $1.60 billion. 3D Systems Corp. has a 52 week low of $6.00 and a 52 week high of $19.76.
3D Systems Corp. (NYSE:DDD) last released its quarterly earnings results on Thursday, November 3rd. The 3D printing company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. 3D Systems Corp. had a positive return on equity of 4.14% and a negative net margin of 98.40%. The company had revenue of $156.36 million for the quarter, compared to analysts’ expectations of $160.16 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that 3D Systems Corp. will post $0.43 EPS for the current year.
DDD has been the subject of a number of research analyst reports. Vetr raised 3D Systems Corp. from a “sell” rating to a “buy” rating and set a $17.50 target price for the company in a research report on Monday, September 26th. Zacks Investment Research lowered 3D Systems Corp. from a “buy” rating to a “sell” rating in a research report on Tuesday, October 25th. Bank of America Corp. set a $25.00 target price on 3D Systems Corp. and gave the company a “buy” rating in a research report on Tuesday, September 13th. Jefferies Group reaffirmed a “hold” rating and set a $14.50 target price (down from $15.00) on shares of 3D Systems Corp. in a research report on Friday, November 4th. Finally, Brean Capital reaffirmed a “hold” rating on shares of 3D Systems Corp. in a research report on Wednesday, December 14th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.04.
3D Systems Corp. Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.
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