Dimensional Fund Advisors LP Has $3.54 Million Stock Holdings in 3D Systems Corporation $DDD

Key Points

• Dimensional Fund Advisors increased its 3D Systems stake by 20.5% in the first quarter, owning 1.88 million shares worth approximately $3.54 million, or 1.29% of the company. Institutional investors collectively hold 64.49% of DDD shares.
• Analyst sentiment is mixed: Craig Hallum upgraded the stock to “buy” with a $6 price target, while Weiss Ratings downgraded it to “sell.” The overall consensus rating remains “Hold,” with a $5.50 target price.
• 3D Systems reported quarterly revenue of $94.6 million and an adjusted loss of $0.04 per share, beating analyst expectations. The stock opened at $3.62, while the company continues to post negative net margins and return on equity.

Dimensional Fund Advisors LP increased its stake in 3D Systems Corporation (NYSE:DDD - Free Report) by 20.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,881,311 shares of the 3D printing company's stock after acquiring an additional 320,427 shares during the quarter. Dimensional Fund Advisors LP owned about 1.29% of 3D Systems worth $3,537,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DDD. J. Derek Lewis & Associates Inc. acquired a new stake in 3D Systems during the 4th quarter valued at approximately $27,000. NewEdge Advisors LLC lifted its position in shares of 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock worth $28,000 after purchasing an additional 12,900 shares during the period. Prudential Financial Inc. boosted its stake in shares of 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company's stock valued at $28,000 after purchasing an additional 7,887 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of 3D Systems in the 4th quarter valued at $36,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of 3D Systems during the third quarter worth $41,000. 64.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DDD. Weiss Ratings lowered shares of 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a report on Tuesday, August 4th. Craig Hallum upgraded 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 price target for the company in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $5.00 target price on shares of 3D Systems in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.50.

3D Systems Stock Down 5.0%

3D Systems stock opened at $3.62 on Thursday. The company has a quick ratio of 2.27, a current ratio of 3.40 and a debt-to-equity ratio of 0.32. 3D Systems Corporation has a 12-month low of $1.70 and a 12-month high of $4.12. The firm's fifty day moving average is $3.02 and its 200 day moving average is $2.60. The company has a market capitalization of $601.46 million, a PE ratio of -8.83 and a beta of 2.73.

3D Systems (NYSE:DDD - Get Free Report) last issued its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. The business had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.01 million. As a group, sell-side analysts predict that 3D Systems Corporation will post -0.33 EPS for the current fiscal year.

3D Systems Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company's hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.

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