Syon Capital LLC Raises Holdings in 3D Systems Co. (NYSE:DDD)

Syon Capital LLC lifted its holdings in shares of 3D Systems Co. (NYSE:DDD) by 46.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,556 shares of the 3D printing company’s stock after buying an additional 8,435 shares during the period. Syon Capital LLC’s holdings in 3D Systems were worth $87,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DDD. Rhumbline Advisers lifted its position in 3D Systems by 2.2% during the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock valued at $680,000 after purchasing an additional 4,451 shares during the period. Canada Pension Plan Investment Board lifted its position in 3D Systems by 67.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock valued at $46,000 after purchasing an additional 5,700 shares in the last quarter. Impact Partnership Wealth LLC lifted its position 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 buying an additional 6,615 shares in the last quarter. Inspire Advisors LLC boosted its position in shares of 3D Systems by 10.5% in the fourth quarter. Inspire Advisors LLC now owns 72,725 shares of the 3D printing company’s stock worth $239,000 after purchasing an additional 6,917 shares during the period. Finally, Blue Trust Inc. boosted its holdings in 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after buying an additional 8,050 shares during the period. 64.49% of the stock is currently owned by institutional investors.

3D Systems Stock Performance

NYSE:DDD opened at $1.94 on Friday. 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 stock’s fifty day moving average is $2.57 and its 200 day moving average is $3.12. The firm has a market capitalization of $262.94 million, a PE ratio of -0.49 and a beta of 1.81. 3D Systems Co. has a fifty-two week low of $1.71 and a fifty-two week high of $5.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DDD shares. Cantor Fitzgerald cut their price objective on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. Finally, StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.