3D Systems Co. (NYSE:DDD) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC raised its stake in 3D Systems Co. (NYSE:DDD) by 51.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,313 shares of the 3D printing company’s stock after acquiring an additional 75,656 shares during the quarter. 3D Systems makes up 0.3% of EntryPoint Capital LLC’s portfolio, making the stock its 23rd biggest holding. EntryPoint Capital LLC’s holdings in 3D Systems were worth $726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DDD. Point72 DIFC Ltd acquired a new position in 3D Systems in the 3rd quarter valued at about $25,000. Murchinson Ltd. acquired a new position in shares of 3D Systems in the third quarter valued at approximately $28,000. HighTower Advisors LLC purchased a new position in shares of 3D Systems during the third quarter valued at approximately $31,000. Blue Trust Inc. boosted its position in 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in 3D Systems in the 4th quarter worth approximately $39,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DDD has been the topic of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a report on Saturday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.25.

3D Systems Stock Performance

3D Systems stock opened at $2.79 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems Co. has a 12 month low of $1.72 and a 12 month high of $5.00. The company has a market cap of $377.70 million, a price-to-earnings ratio of -0.70 and a beta of 1.63. The stock’s 50-day moving average is $3.54 and its 200-day moving average is $3.23.

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.