WINTON GROUP Ltd bought a new stake in 3D Systems Co. (NYSE:DDD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 512,107 shares of the 3D printing company’s stock, valued at approximately $9,679,000. WINTON GROUP Ltd owned about 0.45% of 3D Systems as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DDD. BlackRock Inc. grew its holdings in 3D Systems by 29.4% in the 2nd quarter. BlackRock Inc. now owns 16,413,577 shares of the 3D printing company’s stock valued at $226,672,000 after buying an additional 3,727,372 shares during the last quarter. FMR LLC acquired a new stake in 3D Systems in the 2nd quarter valued at approximately $9,070,000. GMT Capital Corp acquired a new stake in 3D Systems in the 2nd quarter valued at approximately $3,332,000. Seven Eight Capital LP acquired a new stake in 3D Systems in the 3rd quarter valued at approximately $3,344,000. Finally, Pinebridge Investments L.P. acquired a new stake in 3D Systems in the 2nd quarter valued at approximately $2,380,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:DDD opened at $12.80 on Friday. 3D Systems Co. has a 1-year low of $7.92 and a 1-year high of $21.78. The company has a market cap of $1.54 billion, a PE ratio of -22.46 and a beta of 1.97. The company has a current ratio of 2.29, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01.
3D Systems (NYSE:DDD) last posted its earnings results on Tuesday, October 30th. The 3D printing company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The company had revenue of $164.50 million for the quarter, compared to the consensus estimate of $171.82 million. 3D Systems had a negative return on equity of 5.12% and a negative net margin of 7.53%. 3D Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) EPS. Research analysts expect that 3D Systems Co. will post -0.13 EPS for the current year.
A number of research firms have issued reports on DDD. Zacks Investment Research raised 3D Systems from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, August 13th. B. Riley lifted their price objective on 3D Systems from $7.00 to $9.00 and gave the stock a “sell” rating in a report on Wednesday, August 8th. Susquehanna Bancshares set a $16.00 price objective on 3D Systems and gave the stock a “hold” rating in a report on Friday, August 10th. Canaccord Genuity reissued a “hold” rating and set a $13.00 price objective (up previously from $11.00) on shares of 3D Systems in a report on Wednesday, August 8th. Finally, ValuEngine raised 3D Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.74.
In related news, EVP Andrew Martin Johnson sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $19.01, for a total transaction of $95,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kevin Mcalea sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $21.21, for a total value of $424,200.00. Following the transaction, the chief operating officer now owns 250,257 shares of the company’s stock, valued at approximately $5,307,950.97. The disclosure for this sale can be found here. Insiders have sold a total of 33,400 shares of company stock valued at $669,400 in the last 90 days. 5.00% of the stock is owned by corporate insiders.
About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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