Millennium Management LLC Has $11.76 Million Stake in 3D Systems Co. (NYSE:DDD)

Millennium Management LLC lessened its stake in shares of 3D Systems Co. (NYSE:DDD - Free Report) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,584,683 shares of the 3D printing company's stock after selling 366,738 shares during the quarter. Millennium Management LLC owned about 2.64% of 3D Systems worth $11,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DDD. Blue Trust Inc. increased its stake in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after acquiring an additional 8,050 shares during the period. Cibc World Markets Corp acquired a new position in shares of 3D Systems during the fourth quarter valued at approximately $39,000. Boothbay Fund Management LLC acquired a new position in shares of 3D Systems during the fourth quarter valued at approximately $44,000. Canada Pension Plan Investment Board increased its stake in shares of 3D Systems by 67.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock valued at $46,000 after acquiring an additional 5,700 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of 3D Systems during the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 64.49% of the company's stock.

3D Systems Trading Down 1.6%

3D Systems stock traded down $0.03 during midday trading on Tuesday, reaching $1.59. The stock had a trading volume of 7,170,745 shares, compared to its average volume of 2,926,482. The firm's fifty day simple moving average is $2.01 and its two-hundred day simple moving average is $2.94. 3D Systems Co. has a twelve month low of $1.57 and a twelve month high of $5.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The firm has a market cap of $216.21 million, a price-to-earnings ratio of -0.40 and a beta of 1.94.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DDD. Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a report on Wednesday, May 14th. Cantor Fitzgerald reduced their target price on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a report on Saturday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, 3D Systems currently has a consensus rating of "Hold" and a consensus price target of $3.67.

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.