Ledgewood Wealth Advisors LLC Increases Position in 3D Systems Corporation $DDD

Ledgewood Wealth Advisors LLC raised its holdings in shares of 3D Systems Corporation (NYSE:DDD) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 233,800 shares of the 3D printing company’s stock after buying an additional 10,000 shares during the quarter. Ledgewood Wealth Advisors LLC’s holdings in 3D Systems were worth $360,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its position in 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock valued at $26,000 after purchasing an additional 10,814 shares during the period. NewEdge Advisors LLC grew its holdings in shares of 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after buying an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of 3D Systems in the first quarter valued at about $29,000. State of Wyoming acquired a new position in 3D Systems in the first quarter valued at about $34,000. Finally, Brooklyn Investment Group purchased a new stake in shares of 3D Systems during the first quarter worth approximately $45,000. Institutional investors own 64.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DDD shares. Zacks Research upgraded shares of 3D Systems to a “hold” rating in a research report on Tuesday, August 12th. Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, 3D Systems presently has a consensus rating of “Hold” and an average target price of $5.00.

3D Systems Stock Down 1.2%

NYSE DDD opened at $2.87 on Thursday. The business has a 50 day moving average price of $2.18 and a two-hundred day moving average price of $1.98. 3D Systems Corporation has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The stock has a market cap of $367.44 million, a PE ratio of -2.19 and a beta of 2.11. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

3D Systems Company 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.