3D Systems Co. (NYSE:DDD) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in shares of 3D Systems Co. (NYSE:DDD) by 2.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,203,001 shares of the 3D printing company’s stock after buying an additional 68,530 shares during the period. Exchange Traded Concepts LLC’s holdings in 3D Systems were worth $10,506,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of 3D Systems during the third quarter valued at $25,000. Murchinson Ltd. acquired a new stake in shares of 3D Systems during the 3rd quarter worth about $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems during the 3rd quarter worth about $31,000. Ballentine Partners LLC purchased a new stake in shares of 3D Systems during the third quarter worth about $36,000. Finally, Algert Global LLC acquired a new position in shares of 3D Systems in the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Trading Up 17.4 %

DDD stock opened at $3.57 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company has a market cap of $484.03 million, a price-to-earnings ratio of -0.87 and a beta of 1.61. The business has a fifty day simple moving average of $3.25 and a 200-day simple moving average of $3.05. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $5.75.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. On average, equities research analysts expect that 3D Systems Co. will post -0.73 EPS for the current year.

Insider Activity at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DDD has been the topic of a number of analyst reports. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 3D Systems in a research report on Saturday, January 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.25.

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.