ARK Investment Management LLC raised its holdings in shares of 3D Systems Co. (NYSE:DDD - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,413,915 shares of the 3D printing company's stock after buying an additional 535,287 shares during the period. ARK Investment Management LLC owned about 3.25% of 3D Systems worth $14,478,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in DDD. Point72 DIFC Ltd acquired a new position in shares of 3D Systems during the third quarter worth $25,000. Murchinson Ltd. bought a new stake in shares of 3D Systems in the third quarter worth $28,000. HighTower Advisors LLC bought a new stake in shares of 3D Systems in the third quarter worth $31,000. Blue Trust Inc. increased its stake in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after buying an additional 8,050 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in shares of 3D Systems in the third quarter worth $36,000. 64.49% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Charles W. Hull sold 115,971 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now owns 331,955 shares of the company's stock, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. The trade was a 5.82 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company's stock.
3D Systems Stock Performance
Shares of 3D Systems stock traded down $0.08 during trading on Friday, hitting $3.42. 2,970,943 shares of the stock were exchanged, compared to its average volume of 2,794,555. The stock's fifty day moving average is $3.72 and its 200 day moving average is $3.17. The stock has a market cap of $463.14 million, a PE ratio of -0.86 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems Co. has a 12 month low of $1.72 and a 12 month high of $5.25.
3D Systems (NYSE:DDD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, sell-side analysts anticipate that 3D Systems Co. will post -0.73 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on DDD shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Wednesday, February 19th. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Wednesday, January 15th. StockNews.com upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Finally, Craig Hallum upgraded shares of 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, 3D Systems presently has a consensus rating of "Hold" and a consensus price target of $3.25.
Check Out Our Latest Stock Report on DDD
About 3D Systems
(
Free Report)
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.
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