Ruggie Capital Group Sells 6,998 Shares of 3D Systems Corporation (DDD)

Ruggie Capital Group reduced its stake in 3D Systems Corporation (NYSE:DDD) by 22.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,540 shares of the 3D printing company’s stock after selling 6,998 shares during the period. Ruggie Capital Group’s holdings in 3D Systems Corporation were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in 3D Systems Corporation by 0.6% in the first quarter. Stifel Financial Corp now owns 19,099 shares of the 3D printing company’s stock valued at $279,000 after buying an additional 105 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in 3D Systems Corporation by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 18,527 shares of the 3D printing company’s stock valued at $277,000 after buying an additional 131 shares during the last quarter. Cutter & CO Brokerage Inc. raised its position in 3D Systems Corporation by 1.3% in the first quarter. Cutter & CO Brokerage Inc. now owns 15,740 shares of the 3D printing company’s stock valued at $235,000 after buying an additional 200 shares during the last quarter. Private Advisor Group LLC raised its position in 3D Systems Corporation by 1.9% in the first quarter. Private Advisor Group LLC now owns 17,786 shares of the 3D printing company’s stock valued at $255,000 after buying an additional 324 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in 3D Systems Corporation by 0.3% in the first quarter. Alliancebernstein L.P. now owns 157,382 shares of the 3D printing company’s stock valued at $2,354,000 after buying an additional 430 shares during the last quarter. 55.07% of the stock is owned by hedge funds and other institutional investors.

Shares of 3D Systems Corporation (DDD) opened at 12.83 on Thursday. The firm’s 50-day moving average price is $17.79 and its 200 day moving average price is $17.40. 3D Systems Corporation has a 1-year low of $12.34 and a 1-year high of $23.70. The stock’s market cap is $1.35 billion.

3D Systems Corporation (NYSE:DDD) last posted its earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.04. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The firm had revenue of $159.47 million for the quarter, compared to analyst estimates of $163.01 million. During the same quarter last year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts expect that 3D Systems Corporation will post $0.45 earnings per share for the current fiscal year.

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Several research analysts have recently commented on the company. Deutsche Bank AG reissued a “hold” rating and issued a $15.00 price target (down from $16.00) on shares of 3D Systems Corporation in a research report on Wednesday. Loop Capital reissued a “hold” rating and issued a $15.00 price target on shares of 3D Systems Corporation in a research report on Wednesday. Jefferies Group LLC boosted their price target on 3D Systems Corporation from $15.00 to $17.50 and gave the stock a “hold” rating in a research report on Thursday, May 4th. FBR & Co reaffirmed a “hold” rating and set a $18.00 target price on shares of 3D Systems Corporation in a research report on Monday, May 15th. Finally, Susquehanna Bancshares Inc started coverage on 3D Systems Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $16.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. 3D Systems Corporation presently has a consensus rating of “Hold” and a consensus price target of $17.00.

In other news, insider Vyomesh Joshi bought 15,400 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average price of $12.96 per share, for a total transaction of $199,584.00. Following the completion of the transaction, the insider now owns 165,400 shares of the company’s stock, valued at $2,143,584. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Andrew Martin Johnson sold 10,000 shares of 3D Systems Corporation stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $21.19, for a total value of $211,900.00. Following the sale, the executive vice president now owns 241,666 shares in the company, valued at approximately $5,120,902.54. The disclosure for this sale can be found here. Insiders have sold 102,500 shares of company stock worth $2,221,425 in the last quarter. Insiders own 5.00% of the company’s stock.

3D Systems Corporation 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.

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

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