SG Americas Securities LLC lowered its stake in 3D Systems Corp. (NYSE:DDD) by 61.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,094 shares of the 3D printing company’s stock after selling 206,403 shares during the period. SG Americas Securities LLC owned approximately 0.12% of 3D Systems Corp. worth $2,335,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in 3D Systems Corp. by 5.7% in the third quarter. LS Investment Advisors LLC now owns 6,737 shares of the 3D printing company’s stock valued at $121,000 after buying an additional 365 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in 3D Systems Corp. during the second quarter valued at approximately $172,000. Teacher Retirement System of Texas raised its position in 3D Systems Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 14,771 shares of the 3D printing company’s stock valued at $202,000 after buying an additional 1,805 shares in the last quarter. Thrivent Financial for Lutherans raised its position in 3D Systems Corp. by 14.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,070 shares of the 3D printing company’s stock valued at $206,000 after buying an additional 1,910 shares in the last quarter. Finally, Advisor Group Inc. purchased a new position in 3D Systems Corp. during the second quarter valued at approximately $211,000. Institutional investors and hedge funds own 48.62% of the company’s stock.
3D Systems Corp. (NYSE:DDD) traded up 0.21% during mid-day trading on Friday, hitting $14.23. 869,814 shares of the stock were exchanged. The firm has a 50-day moving average price of $14.47 and a 200-day moving average price of $14.64. 3D Systems Corp. has a 12-month low of $6.00 and a 12-month high of $19.76. The stock’s market capitalization is $1.60 billion.
3D Systems Corp. (NYSE:DDD) last announced its quarterly earnings data on Thursday, November 3rd. The 3D printing company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.05. The firm earned $156.36 million during the quarter, compared to analyst estimates of $160.16 million. 3D Systems Corp. had a positive return on equity of 4.14% and a negative net margin of 98.40%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. Equities analysts predict that 3D Systems Corp. will post $0.43 earnings per share for the current fiscal year.
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Several equities analysts have recently commented on the stock. Pacific Crest restated a “hold” rating on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Brean Capital reiterated a “hold” rating on shares of 3D Systems Corp. in a research report on Friday, November 4th. Jefferies Group reiterated a “hold” rating and issued a $14.50 target price (down previously from $15.00) on shares of 3D Systems Corp. in a research report on Friday, November 4th. Piper Jaffray Cos. reiterated an “underweight” rating and issued a $10.50 target price on shares of 3D Systems Corp. in a research report on Saturday, October 15th. Finally, Vetr lowered shares of 3D Systems Corp. from a “strong-buy” rating to a “buy” rating and set a $16.70 target price for the company. in a research report on Wednesday, December 7th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. 3D Systems Corp. has an average rating of “Hold” and an average price target of $16.04.
About 3D Systems Corp.
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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