Elkfork Partners LLC acquired a new position in 3D Systems (NYSE:DDD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,692 shares of the 3D printing company’s stock, valued at approximately $118,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DDD. Sciencast Management LP purchased a new position in 3D Systems during the fourth quarter valued at $106,000. Xact Kapitalforvaltning AB purchased a new position in 3D Systems during the fourth quarter valued at $116,000. Claraphi Advisory Network LLC purchased a new position in 3D Systems during the fourth quarter valued at $162,000. New Mexico Educational Retirement Board purchased a new position in 3D Systems during the fourth quarter valued at $244,000. Finally, Virginia Retirement Systems ET AL bought a new position in 3D Systems during the third quarter valued at $283,000. 64.19% of the stock is owned by hedge funds and other institutional investors.
DDD has been the subject of several research reports. Zacks Investment Research upgraded shares of 3D Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Vetr upgraded shares of 3D Systems from a “buy” rating to a “strong-buy” rating and set a $12.44 price objective for the company in a research report on Tuesday, January 16th. JPMorgan Chase lowered shares of 3D Systems from a “neutral” rating to an “underweight” rating and set a $11.00 price objective for the company. in a research report on Friday, February 9th. William Blair reiterated an “outperform” rating on shares of 3D Systems in a research report on Thursday, January 25th. Finally, Susquehanna Bancshares set a $12.00 price objective on shares of 3D Systems and gave the company a “hold” rating in a research report on Friday, March 16th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems has a consensus rating of “Hold” and a consensus target price of $12.33.
3D Systems stock opened at $11.94 on Friday. The stock has a market capitalization of $1,365.21, a PE ratio of -20.95 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.62. 3D Systems 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 data on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. 3D Systems had a negative net margin of 10.24% and a negative return on equity of 8.48%. The company had revenue of $177.30 million during the quarter, compared to analyst estimates of $164.87 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. research analysts forecast that 3D Systems will post -0.11 EPS for the current year.
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3D Systems Company Profile
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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