Two Sigma Investments LP Buys 944,010 Shares of 3D Systems Co. (NYSE:DDD)

Two Sigma Investments LP boosted its position in shares of 3D Systems Co. (NYSE:DDD - Free Report) by 172.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,492,071 shares of the 3D printing company's stock after purchasing an additional 944,010 shares during the quarter. Two Sigma Investments LP owned about 1.10% of 3D Systems worth $4,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its stake in shares of 3D Systems by 13.8% during the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock worth $14,478,000 after buying an additional 535,287 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in 3D Systems during the 4th quarter worth $5,248,000. Penn Capital Management Company LLC bought a new stake in shares of 3D Systems during the 4th quarter valued at $5,214,000. Charles Schwab Investment Management Inc. lifted its stake in shares of 3D Systems by 17.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company's stock valued at $3,913,000 after purchasing an additional 178,102 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of 3D Systems by 2.9% in the 4th quarter. Bank of America Corp DE now owns 710,025 shares of the 3D printing company's stock valued at $2,329,000 after purchasing an additional 20,330 shares during the period. 64.49% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Trading Down 2.8%

DDD stock traded down $0.05 during midday trading on Friday, hitting $1.56. 3,806,783 shares of the company's stock were exchanged, compared to its average volume of 2,956,015. 3D Systems Co. has a one year low of $1.53 and a one year high of $5.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The company has a market cap of $212.12 million, a PE ratio of -0.39 and a beta of 1.94. The stock's fifty day moving average price is $1.94 and its 200-day moving average price is $2.91.

Analyst Upgrades and Downgrades

DDD has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a report on Wednesday, May 14th. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research report on Saturday, May 24th. 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, Cantor Fitzgerald decreased their price objective 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, 3D Systems presently has an average rating of "Hold" and an average target price 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.