Icon Advisers Inc. Co. Buys Shares of 1,600,000 3D Systems Co. (NYSE:DDD)

Icon Advisers Inc. Co. purchased a new stake in 3D Systems Co. (NYSE:DDD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,600,000 shares of the 3D printing company's stock, valued at approximately $5,248,000. 3D Systems makes up approximately 1.2% of Icon Advisers Inc. Co.'s holdings, making the stock its 20th largest position. Icon Advisers Inc. Co. owned approximately 1.18% of 3D Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of 3D Systems in the fourth quarter worth approximately $318,000. Wells Fargo & Company MN lifted its holdings in shares of 3D Systems by 24.1% in the fourth quarter. Wells Fargo & Company MN now owns 86,159 shares of the 3D printing company's stock valued at $283,000 after purchasing an additional 16,721 shares in the last quarter. RPO LLC purchased a new position in shares of 3D Systems during the fourth quarter valued at $59,000. JPMorgan Chase & Co. raised its position in 3D Systems by 446.6% during the fourth 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 period. Finally, EntryPoint Capital LLC boosted its position in 3D Systems by 51.9% during the 4th quarter. EntryPoint Capital LLC now owns 221,313 shares of the 3D printing company's stock worth $726,000 after acquiring an additional 75,656 shares during the period. Institutional investors and hedge funds own 64.49% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a report on Friday, March 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a report on Tuesday, April 8th. StockNews.com lowered 3D Systems from a "hold" rating to a "sell" rating in a research report on Friday, April 4th. Finally, Cantor Fitzgerald reduced their price target on 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $3.67.

3D Systems Stock Down 3.7 %

Shares of DDD traded down $0.07 during trading hours on Friday, hitting $1.86. 4,403,100 shares of the company were exchanged, compared to its average volume of 2,684,375. The firm's 50 day moving average is $2.84 and its 200-day moving average is $3.16. 3D Systems Co. has a 52 week low of $1.72 and a 52 week 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 $251.83 million, a PE ratio of -0.47 and a beta of 1.81.

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.