Clark Estates Inc. NY held its stake in shares of 3D Systems Corp. (NYSE:DDD) during the third quarter, Holdings Channel reports. The fund owned 1,426,390 shares of the 3D printing company’s stock at the end of the third quarter. 3D Systems Corp. makes up 4.9% of Clark Estates Inc. NY’s holdings, making the stock its 4th largest position. Clark Estates Inc. NY’s holdings in 3D Systems Corp. were worth $25,604,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Princeton Alpha Management LP acquired a new stake in shares of 3D Systems Corp. during the second quarter worth $313,000. First Trust Advisors LP acquired a new stake in shares of 3D Systems Corp. during the second quarter worth $5,498,000. Commonwealth Equity Services Inc increased its stake in shares of 3D Systems Corp. by 9.9% in the second quarter. Commonwealth Equity Services Inc now owns 37,251 shares of the 3D printing company’s stock worth $510,000 after buying an additional 3,369 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of 3D Systems Corp. by 2.3% in the second quarter. California Public Employees Retirement System now owns 364,300 shares of the 3D printing company’s stock worth $4,987,000 after buying an additional 8,200 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of 3D Systems Corp. during the second quarter worth $543,000. Hedge funds and other institutional investors own 48.62% of the company’s stock.
Shares of 3D Systems Corp. (NYSE:DDD) traded down 0.316% during midday trading on Tuesday, hitting $14.185. 387,480 shares of the stock traded hands. 3D Systems Corp. has a 52 week low of $6.00 and a 52 week high of $19.76. The company’s 50-day moving average is $14.47 and its 200 day moving average is $14.64. The firm’s market capitalization is $1.59 billion.
3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings data on Thursday, November 3rd. The 3D printing company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. 3D Systems Corp. had a negative net margin of 98.40% and a positive return on equity of 4.14%. The business had revenue of $156.36 million for the quarter, compared to analyst estimates of $160.16 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. 3D Systems Corp.’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts anticipate that 3D Systems Corp. will post $0.43 earnings per share for the current year.
A number of analysts have weighed in on the company. Vetr upgraded 3D Systems Corp. from a “buy” rating to a “strong-buy” rating and set a $20.54 price target for the company in a report on Thursday, October 6th. FBR & Co assumed coverage on 3D Systems Corp. in a report on Monday, October 3rd. They set a “market perform” rating and a $18.00 price target for the company. Zacks Investment Research downgraded 3D Systems Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Bank of America Corp. set a $25.00 price objective on shares of 3D Systems Corp. and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Finally, Canaccord Genuity reissued a “hold” rating and set a $14.00 price objective on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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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