Weiss Asset Management LP Buys New Position in 3D Systems Co. (NYSE:DDD)

Weiss Asset Management LP purchased a new stake in shares of 3D Systems Co. (NYSE:DDD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 402,620 shares of the 3D printing company's stock, valued at approximately $1,143,000. Weiss Asset Management LP owned approximately 0.30% of 3D Systems at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DDD. Point72 DIFC Ltd acquired a new stake in 3D Systems in the third quarter valued at approximately $25,000. Murchinson Ltd. acquired a new stake in 3D Systems in the third quarter valued at approximately $28,000. HighTower Advisors LLC acquired a new stake in 3D Systems in the third quarter valued at approximately $31,000. Inspire Investing LLC acquired a new stake in shares of 3D Systems in the second quarter worth approximately $35,000. Finally, Ballentine Partners LLC acquired a new stake in shares of 3D Systems in the third quarter worth approximately $36,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDD has been the topic of a number of recent research reports. Lake Street Capital lowered their price objective on 3D Systems from $6.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Cantor Fitzgerald lowered their price objective on 3D Systems from $5.50 to $3.75 and set an "overweight" rating on the stock in a research note on Friday, August 30th. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research note on Friday, November 29th. Loop Capital lowered their price objective on 3D Systems from $4.50 to $2.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. Finally, StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $3.25.

3D Systems Stock Up 12.1 %

DDD traded up $0.35 on Monday, hitting $3.25. 4,250,552 shares of the company were exchanged, compared to its average volume of 2,285,556. 3D Systems Co. has a twelve month low of $1.72 and a twelve month high of $6.85. The company has a market cap of $440.77 million, a price-to-earnings ratio of -0.79 and a beta of 1.64. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $3.06 and a two-hundred day moving average price of $3.07.

3D Systems Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, 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.