Raymond James Financial Services Advisors Inc. Acquires 10,012 Shares of 3D Systems Co. (NYSE:DDD)


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Raymond James Financial Services Advisors Inc. lifted its position in 3D Systems Co. (NYSE:DDD) by 22.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,229 shares of the 3D printing company’s stock after buying an additional 10,012 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in 3D Systems were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of 3D Systems by 12.0% in the 4th quarter. LPL Financial LLC now owns 553,259 shares of the 3D printing company’s stock worth $5,798,000 after buying an additional 59,160 shares during the last quarter. Amalgamated Bank lifted its position in 3D Systems by 3.3% during the fourth quarter. Amalgamated Bank now owns 11,513 shares of the 3D printing company’s stock valued at $121,000 after purchasing an additional 369 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in 3D Systems by 30.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,444 shares of the 3D printing company’s stock valued at $47,000 after purchasing an additional 1,041 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in 3D Systems by 4.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 72,077 shares of the 3D printing company’s stock valued at $755,000 after purchasing an additional 3,191 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in 3D Systems by 3.5% during the fourth quarter. Public Sector Pension Investment Board now owns 274,596 shares of the 3D printing company’s stock valued at $2,878,000 after purchasing an additional 9,370 shares in the last quarter. Hedge funds and other institutional investors own 65.65% of the company’s stock.

Shares of DDD stock opened at $24.42 on Thursday. 3D Systems Co. has a 12-month low of $4.60 and a 12-month high of $56.50. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $31.13 and its 200-day moving average price is $19.66. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -21.23, a price-to-earnings-growth ratio of 4.89 and a beta of 1.97.

3D Systems (NYSE:DDD) last issued its earnings results on Sunday, February 28th. The 3D printing company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). 3D Systems had a negative return on equity of 11.38% and a negative net margin of 24.61%. The firm had revenue of $172.65 million during the quarter, compared to the consensus estimate of $173.39 million. As a group, research analysts predict that 3D Systems Co. will post -0.3 EPS for the current fiscal year.

In other 3D Systems news, EVP Andrew Martin Johnson sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $35.00, for a total transaction of $140,000.00. Insiders own 3.40% of the company’s stock.

Several research firms recently weighed in on DDD. JPMorgan Chase & Co. downgraded 3D Systems from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $14.00 to $18.00 in a research report on Friday, January 15th. Loop Capital upgraded 3D Systems from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research report on Tuesday, March 9th. Craig Hallum cut 3D Systems from a “buy” rating to a “hold” rating in a report on Friday, January 29th. Berenberg Bank cut 3D Systems from a “buy” rating to a “hold” rating and raised their price target for the company from $9.00 to $30.00 in a report on Monday, January 25th. Finally, B. Riley raised their price target on 3D Systems from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.67.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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

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