SG Americas Securities LLC increased its holdings in shares of 3D Systems Co. (NYSE:DDD) by 212.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 282,110 shares of the 3D printing company’s stock after purchasing an additional 191,698 shares during the period. SG Americas Securities LLC owned 0.25% of 3D Systems worth $2,869,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of 3D Systems by 42.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,177 shares of the 3D printing company’s stock worth $32,000 after purchasing an additional 942 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in 3D Systems in the 3rd quarter valued at about $122,000. Quantbot Technologies LP purchased a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $148,000. Quantamental Technologies LLC purchased a new stake in 3D Systems during the 4th quarter worth approximately $84,000. Finally, Caption Management LLC purchased a new stake in 3D Systems during the 4th quarter worth approximately $101,000. Hedge funds and other institutional investors own 71.46% of the company’s stock.
Shares of DDD opened at $12.73 on Friday. 3D Systems Co. has a 12-month low of $9.00 and a 12-month high of $21.78. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -22.33, a PEG ratio of 2.18 and a beta of 1.91. The company has a quick ratio of 1.50, a current ratio of 2.29 and a debt-to-equity ratio of 0.01.
Several research firms have recently commented on DDD. Zacks Investment Research cut shares of 3D Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Piper Jaffray Companies raised shares of 3D Systems from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $14.00 to $17.00 in a research report on Wednesday, October 24th. Gabelli lowered shares of 3D Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Loop Capital lowered their target price on shares of 3D Systems to $14.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. Finally, ValuEngine downgraded shares of 3D Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. 3D Systems currently has an average rating of “Hold” and an average price target of $13.89.
About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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