Advisory Services Network LLC boosted its position in shares of 3D Systems Corp. (NYSE:DDD) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,538 shares of the 3D printing company’s stock after buying an additional 1,450 shares during the period. Advisory Services Network LLC’s holdings in 3D Systems Corp. were worth $281,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of 3D Systems Corp. by 5.5% in the first quarter. M&T Bank Corp now owns 11,773 shares of the 3D printing company’s stock worth $182,000 after buying an additional 612 shares in the last quarter. Aperio Group LLC increased its stake in shares of 3D Systems Corp. by 4.1% in the first quarter. Aperio Group LLC now owns 19,331 shares of the 3D printing company’s stock worth $299,000 after buying an additional 763 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of 3D Systems Corp. during the first quarter worth $387,000. Thrax Management LLC purchased a new stake in shares of 3D Systems Corp. during the first quarter worth $464,000. Finally, Creative Planning increased its stake in shares of 3D Systems Corp. by 16.0% in the second quarter. Creative Planning now owns 33,897 shares of the 3D printing company’s stock worth $464,000 after buying an additional 4,666 shares in the last quarter. Institutional investors and hedge funds own 50.16% of the company’s stock.
Shares of 3D Systems Corp. (NYSE:DDD) traded down 3.58% during midday trading on Friday, reaching $17.53. The company’s stock had a trading volume of 2,227,180 shares. 3D Systems Corp. has a one year low of $6.00 and a one year high of $19.76. The stock’s market cap is $1.97 billion. The firm has a 50-day moving average of $16.28 and a 200-day moving average of $14.86.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a positive return on equity of 1.55% and a negative net margin of 100.84%. The firm had revenue of $158.10 million for the quarter, compared to analyst estimates of $161.01 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The company’s revenue was down 7.3% compared to the same quarter last year. On average, analysts forecast that 3D Systems Corp. will post $0.39 EPS for the current year.
A number of brokerages recently weighed in on DDD. Vetr upgraded shares of 3D Systems Corp. from a “strong sell” rating to a “hold” rating and set a $12.40 price target on the stock in a research report on Tuesday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Zacks Investment Research cut 3D Systems Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Pacific Crest reissued a “hold” rating on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Finally, Bank of America Corp. set a $25.00 target price on 3D Systems Corp. and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.23.
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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