Wealth Effects LLC Trims Holdings in 3D Systems Corporation $DDD

Key Points

• Wealth Effects LLC reduced its holdings in 3D Systems Corporation by 35.9%, selling 107,500 shares during the second quarter, leaving it with 191,700 shares valued at $295,000.
• Several large investors, including Deutsche Bank AG and Two Sigma Investments LP, have increased their positions in 3D Systems, with the latter boosting its holdings by 172.2%.
• 3D Systems received a consensus rating of "Hold" from analysts, with an average target price of $5.00, following several recent analyst upgrades and downgrades.

Wealth Effects LLC trimmed its holdings in 3D Systems Corporation (NYSE:DDD - Free Report) by 35.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 191,700 shares of the 3D printing company's stock after selling 107,500 shares during the quarter. Wealth Effects LLC owned 0.14% of 3D Systems worth $295,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DDD. Bank of America Corp DE lifted its position in shares of 3D Systems by 2.9% during 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 buying an additional 20,330 shares in the last quarter. Cetera Investment Advisers lifted its stake in 3D Systems by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company's stock worth $417,000 after purchasing an additional 2,887 shares in the last quarter. Deutsche Bank AG boosted its stake in 3D Systems by 57.1% during the fourth quarter. Deutsche Bank AG now owns 110,767 shares of the 3D printing company's stock worth $363,000 after buying an additional 40,273 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of 3D Systems by 41.8% during the 4th quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company's stock valued at $176,000 after acquiring an additional 15,787 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in 3D Systems by 172.2% in the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock valued at $4,894,000 after purchasing an additional 944,010 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DDD has been the subject of several analyst reports. Zacks Research upgraded 3D Systems to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, September 13th. Finally, Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, 3D Systems currently has a consensus rating of "Hold" and an average target price of $5.00.

3D Systems Trading Up 12.3%

NYSE DDD opened at $2.81 on Wednesday. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $2.05 and a 200 day moving average price of $1.97. The stock has a market capitalization of $360.00 million, a P/E ratio of -2.14 and a beta of 2.09. 3D Systems Corporation has a 52-week low of $1.32 and a 52-week high of $5.00.

3D Systems 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.

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