3D Systems Corporation $DDD Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in shares of 3D Systems Corporation (NYSE:DDD) by 16.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,159,550 shares of the 3D printing company’s stock after acquiring an additional 161,643 shares during the period. Renaissance Technologies LLC’s holdings in 3D Systems were worth $2,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Penn Capital Management Company LLC grew its holdings in 3D Systems by 992.1% during the 4th quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock worth $2,288,000 after acquiring an additional 1,174,038 shares in the last quarter. UBS Group AG grew its holdings in shares of 3D Systems by 83.1% during the fourth quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company’s stock worth $3,749,000 after purchasing an additional 961,166 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of 3D Systems by 72.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 323,272 shares of the 3D printing company’s stock valued at $572,000 after purchasing an additional 135,957 shares during the last quarter. PFG Investments LLC acquired a new stake in shares of 3D Systems in the 4th quarter valued at about $147,000. Finally, SG Americas Securities LLC grew its stake in 3D Systems by 11.4% during the 4th quarter. SG Americas Securities LLC now owns 122,447 shares of the 3D printing company’s stock worth $217,000 after buying an additional 12,561 shares during the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Price Performance

Shares of DDD opened at $3.67 on Tuesday. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $3.02 and its two-hundred day moving average is $2.58. 3D Systems Corporation has a twelve month low of $1.70 and a twelve month high of $4.12. The firm has a market capitalization of $609.77 million, a PE ratio of -8.95 and a beta of 2.73.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%.The business had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.01 million. Research analysts anticipate that 3D Systems Corporation will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

DDD has been the topic of a number of research reports. Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Tuesday, August 4th. Weiss Ratings cut shares of 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price objective on shares of 3D Systems in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 3D Systems has an average rating of “Hold” and a consensus price target of $5.50.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.