Qube Research & Technologies Ltd Invests $433,000 in 3D Systems Co. (NYSE:DDD)

Qube Research & Technologies Ltd acquired a new stake in shares of 3D Systems Co. (NYSE:DDDGet Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,117 shares of the 3D printing company’s stock, valued at approximately $433,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cordasco Financial Network lifted its holdings in 3D Systems by 350.0% during the 3rd quarter. Cordasco Financial Network now owns 900 shares of the 3D printing company’s stock valued at $25,000 after buying an additional 700 shares in the last quarter. CWM LLC bought a new stake in 3D Systems during the 4th quarter valued at about $58,000. Herold Advisors Inc. bought a new stake in 3D Systems during the 3rd quarter valued at about $82,000. Concord Wealth Partners lifted its holdings in 3D Systems by 142.5% during the 4th quarter. Concord Wealth Partners now owns 4,220 shares of the 3D printing company’s stock valued at $91,000 after buying an additional 2,480 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of 3D Systems in the 3rd quarter valued at about $205,000. Institutional investors own 70.07% of the company’s stock.

NYSE:DDD opened at $13.37 on Friday. The company has a market cap of $1.74 billion, a PE ratio of 5.20 and a beta of 1.21. 3D Systems Co. has a twelve month low of $13.29 and a twelve month high of $41.48. The company has a current ratio of 5.80, a quick ratio of 5.27 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $15.98 and its two-hundred day moving average is $20.60.

3D Systems (NYSE:DDDGet Rating) last released its earnings results on Monday, February 28th. The 3D printing company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $150.90 million for the quarter, compared to analysts’ expectations of $143.93 million. 3D Systems had a negative return on equity of 0.56% and a net margin of 52.31%. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. As a group, analysts expect that 3D Systems Co. will post -0.27 EPS for the current fiscal year.

In related news, EVP Andrew Martin Johnson sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $18.50, for a total value of $74,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jagtar Narula sold 5,863 shares of the business’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $16.13, for a total transaction of $94,570.19. The disclosure for this sale can be found here. Insiders sold a total of 23,838 shares of company stock worth $402,804 over the last ninety days. Insiders own 3.60% of the company’s stock.

DDD has been the subject of several recent research reports. Zacks Investment Research lowered shares of 3D Systems from a “hold” rating to a “strong sell” rating and set a $19.00 price target for the company. in a report on Tuesday, January 4th. B. Riley reduced their price target on shares of 3D Systems from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, March 1st. Bank of America boosted their price target on shares of 3D Systems from $22.00 to $23.00 and gave the company an “underperform” rating in a report on Tuesday, March 1st. Craig Hallum reduced their price target on shares of 3D Systems from $33.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, March 1st. Finally, StockNews.com started coverage on shares of 3D Systems in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, 3D Systems currently has an average rating of “Hold” and an average price target of $23.14.

About 3D Systems (Get Rating)

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.

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Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)

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