AMH Equity Ltd Lowers Stake in Stratasys, Ltd. (NASDAQ:SSYS)

AMH Equity Ltd trimmed its position in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 43.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,755 shares of the technology company's stock after selling 50,345 shares during the period. AMH Equity Ltd owned 0.09% of Stratasys worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Stratasys by 84.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock worth $20,862,000 after acquiring an additional 977,403 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Stratasys by 2.9% in the first quarter. Exchange Traded Concepts LLC now owns 1,440,033 shares of the technology company's stock valued at $14,098,000 after purchasing an additional 40,135 shares during the last quarter. Legal & General Group Plc grew its position in Stratasys by 0.6% during the 4th quarter. Legal & General Group Plc now owns 941,407 shares of the technology company's stock worth $8,369,000 after purchasing an additional 5,541 shares during the period. Formula Growth Ltd. grew its holdings in Stratasys by 58.3% during the fourth quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company's stock worth $6,756,000 after acquiring an additional 280,000 shares during the period. Finally, Penn Capital Management Company LLC purchased a new position in Stratasys during the fourth quarter valued at approximately $5,376,000. Hedge funds and other institutional investors own 75.77% of the company's stock.

Stratasys Stock Performance

Shares of SSYS stock traded down $0.19 on Friday, hitting $10.84. 331,553 shares of the stock traded hands, compared to its average volume of 553,896. Stratasys, Ltd. has a twelve month low of $6.05 and a twelve month high of $12.88. The firm's 50-day moving average price is $10.87 and its two-hundred day moving average price is $10.29. The stock has a market capitalization of $920.53 million, a PE ratio of -7.23 and a beta of 1.53.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. Stratasys had a negative return on equity of 1.86% and a negative net margin of 19.02%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. On average, equities research analysts anticipate that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.20.

About Stratasys

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.