Graham Capital Management L.P. Raises Holdings in 3D Systems Corporation $DDD

Key Points

• Graham Capital Management L.P. increased its stake in 3D Systems Corporation by 545.3% in Q1, acquiring an additional 213,821 shares for a total of 253,035 shares.
• 3D Systems' stock opened at $2.12, with a market cap of $271.76 million and a 52-week trading range between $1.32 and $5.00.
• Wall Street analysts have a consensus rating of "Hold" on 3D Systems, with one analyst rating it as a Buy and an average target price of $5.00.

Graham Capital Management L.P. increased its holdings in 3D Systems Corporation (NYSE:DDD - Free Report) by 545.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 253,035 shares of the 3D printing company's stock after buying an additional 213,821 shares during the period. Graham Capital Management L.P. owned 0.19% of 3D Systems worth $536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. State of Wyoming bought a new position in 3D Systems in the 1st quarter worth approximately $34,000. Hsbc Holdings PLC boosted its position in shares of 3D Systems by 61.7% in the first quarter. Hsbc Holdings PLC now owns 23,966 shares of the 3D printing company's stock valued at $51,000 after acquiring an additional 9,145 shares during the period. Brooklyn Investment Group bought a new position in shares of 3D Systems in the first quarter valued at approximately $45,000. American Century Companies Inc. boosted its position in shares of 3D Systems by 26.1% in the first 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 during the period. Finally, Nuveen LLC bought a new position in shares of 3D Systems in the first quarter valued at approximately $3,528,000. 64.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DDD shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, August 30th. Wall Street Zen raised shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a report on Wednesday, May 14th. Finally, Zacks Research raised 3D Systems to a "hold" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $5.00.

3D Systems Price Performance

Shares of DDD traded down $0.01 during midday trading on Wednesday, reaching $2.10. The stock had a trading volume of 2,124,277 shares, compared to its average volume of 3,635,080. The company's 50-day moving average is $1.92 and its 200 day moving average is $2.03. 3D Systems Corporation has a 12-month low of $1.32 and a 12-month high of $5.00. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $268.68 million, a price-to-earnings ratio of -1.60 and a beta of 2.09.

3D Systems 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.