Renaissance Technologies LLC Cuts Stock Position in 3D Systems Co. (NYSE:DDD)

Renaissance Technologies LLC cut its position in 3D Systems Co. (NYSE:DDD - Free Report) by 88.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,170 shares of the 3D printing company's stock after selling 498,780 shares during the quarter. Renaissance Technologies LLC's holdings in 3D Systems were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of 3D Systems by 2.2% in the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company's stock valued at $680,000 after buying an additional 4,451 shares during the period. Impact Partnership Wealth LLC raised its stake in shares of 3D Systems by 31.3% during the 4th quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company's stock valued at $91,000 after purchasing an additional 6,615 shares during the period. Inspire Advisors LLC raised its stake in shares of 3D Systems by 10.5% during the 4th quarter. Inspire Advisors LLC now owns 72,725 shares of the 3D printing company's stock valued at $239,000 after purchasing an additional 6,917 shares during the period. Blue Trust Inc. raised its stake in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after purchasing an additional 8,050 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of 3D Systems by 19.5% during the 4th quarter. SG Americas Securities LLC now owns 54,530 shares of the 3D printing company's stock valued at $179,000 after purchasing an additional 8,913 shares during the period. 64.49% of the stock is currently owned by institutional investors.

3D Systems Price Performance

NYSE DDD traded up $0.14 during trading on Monday, reaching $2.51. The company's stock had a trading volume of 658,309 shares, compared to its average volume of 2,752,754. The stock has a market capitalization of $339.54 million, a PE ratio of -0.63 and a beta of 1.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The firm has a fifty day moving average of $2.23 and a 200 day moving average of $3.06. 3D Systems Co. has a one year low of $1.71 and a one year high of $5.00.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DDD. StockNews.com upgraded 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Friday, March 28th. Finally, Cantor Fitzgerald decreased 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, 3D Systems presently has an average rating of "Hold" and an average price target 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.