Millennium Management LLC Lowers Holdings in 3D Systems Co. (NYSE:DDD)

Millennium Management LLC decreased its position in 3D Systems Co. (NYSE:DDD - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,584,683 shares of the 3D printing company's stock after selling 366,738 shares during the quarter. Millennium Management LLC owned 2.64% of 3D Systems worth $11,758,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DDD. Blue Trust Inc. raised its holdings in 3D Systems by 411.6% in 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 in the last quarter. Cibc World Markets Corp purchased a new position in 3D Systems in the fourth quarter valued at approximately $39,000. Boothbay Fund Management LLC purchased a new position in 3D Systems in the fourth quarter valued at approximately $44,000. Canada Pension Plan Investment Board increased its stake in 3D Systems by 67.9% in 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 purchasing an additional 5,700 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in 3D Systems in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 64.49% of the company's stock.

3D Systems Stock Performance

NYSE:DDD traded up $0.07 during midday trading on Thursday, reaching $1.64. The stock had a trading volume of 1,986,424 shares, compared to its average volume of 3,057,807. The firm has a fifty day simple moving average of $1.97 and a two-hundred day simple moving average of $2.92. 3D Systems Co. has a 12-month low of $1.55 and a 12-month high of $5.00. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The stock has a market cap of $223.04 million, a P/E ratio of -0.41 and a beta of 1.94.

Analysts Set New Price Targets

DDD has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Cantor Fitzgerald lowered their target price on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research report on Saturday, May 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.67.

3D Systems Company 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.