Rhumbline Advisers Lowers Stock Holdings in 3D Systems Co. (NYSE:DDD)

Rhumbline Advisers lessened its position in 3D Systems Co. (NYSE:DDD) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 353,147 shares of the 3D printing company’s stock after selling 12,355 shares during the quarter. Rhumbline Advisers’ holdings in 3D Systems were worth $1,084,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DDD. Capstone Investment Advisors LLC increased its stake in 3D Systems by 4.9% during the fourth quarter. Capstone Investment Advisors LLC now owns 67,561 shares of the 3D printing company’s stock worth $429,000 after purchasing an additional 3,167 shares during the period. Victory Capital Management Inc. grew its holdings in shares of 3D Systems by 16.4% in the fourth quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock valued at $165,000 after purchasing an additional 3,652 shares in the last quarter. Quadrant Capital Group LLC increased its stake in 3D Systems by 471.7% during the 4th quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company’s stock worth $31,000 after buying an additional 3,991 shares during the period. Russell Investments Group Ltd. lifted its holdings in 3D Systems by 5,994.9% during the 4th quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after buying an additional 4,676 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in 3D Systems by 54.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,986 shares of the 3D printing company’s stock valued at $133,000 after buying an additional 7,438 shares during the period. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Performance

Shares of 3D Systems stock opened at $2.58 on Monday. The company has a quick ratio of 2.42, a current ratio of 3.46 and a debt-to-equity ratio of 0.55. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $6.85. The firm’s 50 day moving average is $2.80 and its two-hundred day moving average is $3.45. The firm has a market capitalization of $344.26 million, a P/E ratio of -0.91 and a beta of 1.65.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The company had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. Research analysts forecast that 3D Systems Co. will post -0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DDD. Lake Street Capital decreased their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Cantor Fitzgerald decreased their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Loop Capital cut their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. StockNews.com cut shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.25.

3D Systems Company 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.