PNC Financial Services Group Inc. Buys 7,438 Shares of 3D Systems Co. (NYSE:DDD)

PNC Financial Services Group Inc. raised its stake in 3D Systems Co. (NYSE:DDD) by 54.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,986 shares of the 3D printing company’s stock after purchasing an additional 7,438 shares during the period. PNC Financial Services Group Inc.’s holdings in 3D Systems were worth $133,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in 3D Systems by 5,994.9% in the 4th quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock valued at $30,000 after buying an additional 4,676 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of 3D Systems by 471.7% during the fourth quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company’s stock valued at $31,000 after acquiring an additional 3,991 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of 3D Systems by 386.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,490 shares of the 3D printing company’s stock worth $41,000 after purchasing an additional 5,155 shares during the period. Private Advisor Group LLC bought a new position in shares of 3D Systems in the 4th quarter worth $79,000. Finally, Sage Rhino Capital LLC acquired a new stake in 3D Systems in the 4th quarter valued at $95,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

Wall Street Analysts Forecast Growth

DDD has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, June 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $8.25 target price on shares of 3D Systems in a report on Tuesday, May 14th.

3D Systems Price Performance

DDD opened at $3.02 on Friday. 3D Systems Co. has a 1 year low of $2.93 and a 1 year high of $11.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.30 and a quick ratio of 3.24. The company has a market capitalization of $402.97 million, a price-to-earnings ratio of -1.06 and a beta of 1.72. The firm’s fifty day moving average price is $3.57 and its two-hundred day moving average price is $4.41.

About 3D Systems

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.