The 3D Systems Corp. (DDD) Stake Held by the GMT Capital Corp

GMT Capital Corp maintained its position in 3D Systems Corp. (NYSE:DDD) during the second quarter, Holdings Channel reports. The firm owned 241,300 shares of the 3D printing company’s stock at the end of the second quarter. GMT Capital Corp’s holdings in 3D Systems Corp. were worth $3,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in 3D Systems Corp. by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 76,814 shares of the 3D printing company’s stock worth $668,000 after buying an additional 217 shares during the last quarter. Princeton Alpha Management LP acquired a new position in 3D Systems Corp. during the second quarter worth approximately $313,000. First Trust Advisors LP acquired a new position in 3D Systems Corp. during the second quarter worth approximately $5,498,000. Commonwealth Equity Services Inc increased its position in 3D Systems Corp. by 9.9% in the second quarter. Commonwealth Equity Services Inc now owns 37,251 shares of the 3D printing company’s stock worth $510,000 after buying an additional 3,369 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in 3D Systems Corp. by 2.3% in the second quarter. California Public Employees Retirement System now owns 364,300 shares of the 3D printing company’s stock worth $4,987,000 after buying an additional 8,200 shares during the last quarter. Institutional investors and hedge funds own 50.12% of the company’s stock.

3D Systems Corp. (NYSE:DDD) traded down 7.64% during trading on Friday, reaching $12.45. The company had a trading volume of 6,762,800 shares. The firm’s market capitalization is $1.40 billion. 3D Systems Corp. has a 52-week low of $6.00 and a 52-week high of $19.76. The company has a 50-day moving average of $15.58 and a 200-day moving average of $14.64.

3D Systems Corp. (NYSE:DDD) last announced its quarterly earnings data on Thursday, November 3rd. The 3D printing company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.05. The firm earned $156.36 million during the quarter, compared to analyst estimates of $160.16 million. 3D Systems Corp. had a positive return on equity of 4.14% and a negative net margin of 98.40%. 3D Systems Corp.’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. Analysts expect that 3D Systems Corp. will post $0.40 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Jefferies Group restated a “hold” rating and set a $14.50 price target (down previously from $15.00) on shares of 3D Systems Corp. in a research note on Friday. Brean Capital restated a “hold” rating on shares of 3D Systems Corp. in a research note on Friday. Gabelli upgraded 3D Systems Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday. Pacific Crest restated a “hold” rating on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Finally, Canaccord Genuity restated a “hold” rating and set a $14.00 price target on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. 3D Systems Corp. has a consensus rating of “Hold” and a consensus target price of $15.61.

About 3D Systems Corp.

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

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