ARK Investment Management LLC Decreases Stock Holdings in 3D Systems Corporation $DDD

ARK Investment Management LLC cut its stake in 3D Systems Corporation (NYSE:DDD) by 66.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,440,942 shares of the 3D printing company’s stock after selling 2,842,271 shares during the period. ARK Investment Management LLC owned 1.06% of 3D Systems worth $2,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. CWM LLC increased its stake 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 in the last quarter. NewEdge Advisors LLC increased its stake in 3D Systems by 5,139.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in 3D Systems during the 1st quarter valued at approximately $29,000. State of Wyoming purchased a new position in 3D Systems during the 1st quarter worth approximately $34,000. Finally, Brooklyn Investment Group purchased a new position in 3D Systems during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Down 11.1%

Shares of DDD opened at $3.01 on Thursday. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51. The firm has a market cap of $385.39 million, a P/E ratio of -2.29 and a beta of 2.11. The company’s 50-day moving average price is $2.60 and its 200 day moving average price is $2.06. 3D Systems Corporation has a 12-month low of $1.32 and a 12-month high of $5.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DDD shares. Zacks Research raised shares of 3D Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.00.

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.