Quantitative Investment Management LLC acquired a new position in shares of 3D Systems Corporation (NYSE:DDD) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 500,200 shares of the 3D printing company’s stock, valued at approximately $9,353,000. Quantitative Investment Management LLC owned approximately 0.48% of 3D Systems Corporation as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in shares of 3D Systems Corporation during the 2nd quarter worth about $115,000. LS Investment Advisors LLC boosted its position in shares of 3D Systems Corporation by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock worth $163,000 after acquiring an additional 1,452 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of 3D Systems Corporation by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after acquiring an additional 1,552 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of 3D Systems Corporation by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after acquiring an additional 4,326 shares in the last quarter. Finally, Trent Capital Management Inc. NC acquired a new position in shares of 3D Systems Corporation during the 2nd quarter worth about $200,000. 56.73% of the stock is owned by institutional investors and hedge funds.
DDD has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $18.00 price objective (up from $15.00) on shares of 3D Systems Corporation in a research report on Monday, June 26th. BidaskClub cut 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Deutsche Bank AG reaffirmed a “hold” rating and set a $15.00 price objective (down from $16.00) on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. Zacks Investment Research cut 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, J P Morgan Chase & Co raised 3D Systems Corporation from an “underweight” rating to a “neutral” rating and set a $13.00 price objective for the company in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.33.
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In other 3D Systems Corporation news, insider Vyomesh Joshi purchased 15,400 shares of the stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $12.96 per share, with a total value of $199,584.00. Following the completion of the acquisition, the insider now owns 165,400 shares in the company, valued at $2,143,584. The acquisition was disclosed in a filing with the SEC, which is available at this link. 5.00% of the stock is currently owned by company insiders.
Shares of 3D Systems Corporation (NYSE:DDD) opened at 13.37 on Friday. The stock’s market capitalization is $1.52 billion. 3D Systems Corporation has a 1-year low of $12.02 and a 1-year high of $23.70. The firm’s 50-day moving average price is $13.14 and its 200 day moving average price is $16.66.
3D Systems Corporation (NYSE:DDD) last issued its quarterly earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The business had revenue of $159.47 million during the quarter, compared to analyst estimates of $163.01 million. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. 3D Systems Corporation’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. Analysts expect that 3D Systems Corporation will post $0.44 EPS for the current fiscal year.
About 3D Systems Corporation
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.
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