UBS Group AG lifted its position in 3D Systems Corporation (NYSE:DDD – Free Report) by 83.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,117,975 shares of the 3D printing company’s stock after buying an additional 961,166 shares during the quarter. UBS Group AG’s holdings in 3D Systems were worth $3,749,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors bought a new stake in shares of 3D Systems in the 3rd quarter worth $15,104,000. Geode Capital Management LLC raised its stake in shares of 3D Systems by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock worth $4,876,000 after buying an additional 105,500 shares in the last quarter. Icon Advisers Inc. Co. raised its stake in shares of 3D Systems by 23.8% in the 3rd quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock worth $7,540,000 after buying an additional 500,000 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its stake in shares of 3D Systems by 10.0% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 2,572,629 shares of the 3D printing company’s stock worth $4,554,000 after buying an additional 233,659 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of 3D Systems by 80.0% in the 3rd quarter. Two Sigma Investments LP now owns 1,836,053 shares of the 3D printing company’s stock worth $5,325,000 after buying an additional 816,239 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.
3D Systems Stock Performance
Shares of DDD stock opened at $3.14 on Friday. 3D Systems Corporation has a 1-year low of $1.32 and a 1-year high of $3.80. The company has a current ratio of 2.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $461.42 million, a price-to-earnings ratio of 12.56 and a beta of 2.58. The stock’s fifty day simple moving average is $2.30 and its 200-day simple moving average is $2.21.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on DDD. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price objective on shares of 3D Systems in a research note on Wednesday, May 13th. Leerink Partners reaffirmed an “outperform” rating on shares of 3D Systems in a research report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a research report on Friday, March 27th. Finally, Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, 3D Systems currently has an average rating of “Hold” and an average target price of $5.00.
3D Systems Profile
3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.
The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.
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