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

Two Sigma Investments LP increased its holdings in 3D Systems Co. (NYSE:DDD - Free Report) by 172.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,492,071 shares of the 3D printing company's stock after acquiring an additional 944,010 shares during the quarter. Two Sigma Investments LP owned approximately 1.10% of 3D Systems worth $4,894,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Penn Capital Management Company LLC acquired a new stake in shares of 3D Systems during the 4th quarter valued at approximately $5,214,000. Icon Advisers Inc. Co. bought a new position in shares of 3D Systems in the 4th quarter worth about $5,248,000. BNP Paribas Financial Markets boosted its holdings in shares of 3D Systems by 975.3% in the 4th quarter. BNP Paribas Financial Markets now owns 503,027 shares of the 3D printing company's stock valued at $1,650,000 after buying an additional 456,249 shares during the period. JPMorgan Chase & Co. grew its position in shares of 3D Systems by 446.6% during the 4th quarter. JPMorgan Chase & Co. now owns 308,015 shares of the 3D printing company's stock valued at $1,010,000 after buying an additional 251,661 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 3D Systems by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company's stock worth $3,913,000 after acquiring an additional 178,102 shares during the period. Hedge funds and other institutional investors own 64.49% of the company's stock.

3D Systems Stock Down 2.8%

3D Systems stock traded down $0.05 during mid-day trading on Friday, hitting $1.56. 3,806,783 shares of the company's stock were exchanged, compared to its average volume of 2,968,694. 3D Systems Co. has a 1-year low of $1.52 and a 1-year high of $5.00. The stock has a 50 day moving average of $1.92 and a two-hundred day moving average of $2.89. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The stock has a market cap of $212.12 million, a P/E ratio of -0.39 and a beta of 1.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DDD shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, May 24th. Cantor Fitzgerald cut their target price on 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Wall Street Zen raised 3D Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, 3D Systems presently has an average rating of "Hold" and a consensus target price 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.