EntryPoint Capital LLC cut its position in shares of 3D Systems Corporation (NYSE:DDD - Free Report) by 84.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,134 shares of the 3D printing company's stock after selling 187,179 shares during the period. EntryPoint Capital LLC's holdings in 3D Systems were worth $72,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC raised its stake in shares of 3D Systems by 61.7% during the 1st quarter. Hsbc Holdings PLC now owns 23,966 shares of the 3D printing company's stock worth $51,000 after purchasing an additional 9,145 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of 3D Systems in the 1st quarter valued at approximately $45,000. American Century Companies Inc. raised its stake in shares of 3D Systems by 26.1% in the 1st quarter. American Century Companies Inc. now owns 280,377 shares of the 3D printing company's stock valued at $594,000 after acquiring an additional 58,070 shares in the last quarter. Nuveen LLC bought a new position in shares of 3D Systems in the 1st quarter valued at approximately $3,528,000. Finally, Invesco Ltd. raised its stake in shares of 3D Systems by 17.3% in the 1st quarter. Invesco Ltd. now owns 332,965 shares of the 3D printing company's stock valued at $706,000 after acquiring an additional 49,188 shares in the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.
3D Systems Trading Down 5.2%
Shares of 3D Systems stock traded down $0.13 during trading on Friday, hitting $2.29. The stock had a trading volume of 2,406,254 shares, compared to its average volume of 3,655,102. The stock has a 50 day simple moving average of $1.80 and a 200 day simple moving average of $2.18. The company has a market capitalization of $293.05 million, a PE ratio of -1.74 and a beta of 1.92. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. 3D Systems Corporation has a 1 year low of $1.32 and a 1 year high of $5.00.
Wall Street Analysts Forecast Growth
Several research analysts have commented on DDD shares. Wall Street Zen raised 3D Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday, August 14th. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Finally, Zacks Research upgraded 3D Systems to a "hold" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.67.
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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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