Schwab Charles Investment Management Inc. grew its holdings in 3D Systems Co. (NYSE:DDD) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 517,941 shares of the 3D printing company’s stock after acquiring an additional 44,686 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.45% of 3D Systems worth $6,936,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of 3D Systems by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,779 shares of the 3D printing company’s stock worth $295,000 after purchasing an additional 75 shares during the period. Stifel Financial Corp lifted its holdings in shares of 3D Systems by 2.4% during the second quarter. Stifel Financial Corp now owns 19,558 shares of the 3D printing company’s stock worth $367,000 after purchasing an additional 459 shares during the period. Amalgamated Bank lifted its holdings in shares of 3D Systems by 6.5% during the second quarter. Amalgamated Bank now owns 15,694 shares of the 3D printing company’s stock worth $293,000 after purchasing an additional 956 shares during the period. Comerica Bank lifted its holdings in shares of 3D Systems by 1.5% during the second quarter. Comerica Bank now owns 84,012 shares of the 3D printing company’s stock worth $1,495,000 after purchasing an additional 1,211 shares during the period. Finally, PDT Partners LLC lifted its holdings in shares of 3D Systems by 0.3% during the second quarter. PDT Partners LLC now owns 394,782 shares of the 3D printing company’s stock worth $7,382,000 after purchasing an additional 1,351 shares during the period. 60.35% of the stock is owned by institutional investors and hedge funds.
3D Systems Co. (DDD) opened at $9.39 on Friday. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1,070.00, a P/E ratio of -20.41 and a beta of 1.47. 3D Systems Co. has a 12-month low of $7.92 and a 12-month high of $23.70.3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. equities analysts predict that 3D Systems Co. will post -0.3 EPS for the current year.
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on 3D Systems from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Canaccord Genuity reaffirmed a “neutral” rating on shares of 3D Systems in a report on Wednesday, November 1st. Piper Jaffray Companies raised 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 target price for the company in a report on Monday, November 20th. Loop Capital reaffirmed a “hold” rating and set a $10.00 target price on shares of 3D Systems in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $15.00 target price on shares of 3D Systems in a report on Wednesday, October 4th. Five investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $12.70.
In related news, Director G Walter Loewenbaum II purchased 6,430 shares of 3D Systems stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average cost of $8.81 per share, for a total transaction of $56,648.30. Following the completion of the transaction, the director now owns 1,013,207 shares in the company, valued at $8,926,353.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have purchased 47,930 shares of company stock valued at $428,048. 5.00% of the stock is owned by company insiders.
3D Systems Profile
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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