Raymond James & Associates Increases Position in 3D Systems Co. (NYSE:DDD)

Raymond James & Associates increased its holdings in 3D Systems Co. (NYSE:DDD) by 18.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,996 shares of the 3D printing company’s stock after purchasing an additional 17,660 shares during the quarter. Raymond James & Associates owned 0.09% of 3D Systems worth $737,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Numerai GP LLC purchased a new position in shares of 3D Systems during the 3rd quarter valued at approximately $53,000. PNC Financial Services Group Inc. lifted its holdings in 3D Systems by 25.9% during the third quarter. PNC Financial Services Group Inc. now owns 13,548 shares of the 3D printing company’s stock valued at $67,000 after purchasing an additional 2,786 shares in the last quarter. Syon Capital LLC acquired a new stake in shares of 3D Systems in the third quarter valued at about $71,000. MQS Management LLC acquired a new stake in shares of 3D Systems in the third quarter valued at about $81,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of 3D Systems during the third quarter worth about $84,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Price Performance

Shares of NYSE DDD opened at $3.50 on Wednesday. The firm has a 50-day simple moving average of $4.42 and a 200-day simple moving average of $4.83. The company has a quick ratio of 3.24, a current ratio of 4.30 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $467.01 million, a price-to-earnings ratio of -1.23 and a beta of 1.75. 3D Systems Co. has a 52 week low of $3.32 and a 52 week high of $11.09.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.10). 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. The business had revenue of $114.85 million for the quarter, compared to analysts’ expectations of $124.33 million. On average, equities analysts predict that 3D Systems Co. will post -0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com cut 3D Systems from a “hold” rating to a “sell” rating in a report on Sunday, March 3rd. Cantor Fitzgerald started coverage on 3D Systems in a research report on Tuesday, February 13th. They issued an “overweight” rating and a $8.50 target price on the stock.

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.