Penn Capital Management Company LLC Reduces Position in Stratasys, Ltd. $SSYS

Key Points

• Penn Capital Management Company LLC has significantly reduced its stake in Stratasys, Ltd. by 81.9%, now holding approximately 0.15% of the company, worth $1,074,000.
• Several other institutions have also made changes to their positions in Stratasys, with 75.77% of the company's stock owned by hedge funds and institutional investors.
• Stratasys recently reported earnings of $0.03 per share, meeting analysts' expectations, with revenue slightly up year-over-year at $138.09 million.

Penn Capital Management Company LLC lowered its position in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 81.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,684 shares of the technology company's stock after selling 495,038 shares during the period. Penn Capital Management Company LLC owned 0.15% of Stratasys worth $1,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SSYS. RPG Investment Advisory LLC raised its stake in shares of Stratasys by 102.3% in the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock worth $21,517,000 after purchasing an additional 1,111,491 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Stratasys by 84.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock valued at $20,862,000 after acquiring an additional 977,403 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Stratasys during the first quarter valued at approximately $4,097,000. Royce & Associates LP increased its position in shares of Stratasys by 236.6% during the first quarter. Royce & Associates LP now owns 555,420 shares of the technology company's stock valued at $5,438,000 after acquiring an additional 390,420 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Stratasys during the fourth quarter valued at approximately $2,165,000. Institutional investors own 75.77% of the company's stock.

Stratasys Price Performance

Shares of Stratasys stock traded down $0.52 during trading hours on Friday, reaching $10.71. The company had a trading volume of 551,316 shares, compared to its average volume of 611,931. Stratasys, Ltd. has a one year low of $6.05 and a one year high of $12.88. The business has a fifty day simple moving average of $10.94 and a 200 day simple moving average of $10.47. The firm has a market cap of $910.97 million, a PE ratio of -7.97 and a beta of 1.57.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The firm had revenue of $138.09 million during the quarter, compared to analyst estimates of $137.15 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company's revenue was up .1% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at EPS. On average, research analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

SSYS has been the subject of a number of research analyst reports. Wall Street Zen downgraded Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Needham & Company LLC decreased their price target on Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.20.

Stratasys Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.