SG Americas Securities LLC Sells 131,441 Shares of 3D Systems Co. (NYSE:DDD)

SG Americas Securities LLC decreased its position in 3D Systems Co. (NYSE:DDDGet Rating) by 76.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,493 shares of the 3D printing company’s stock after selling 131,441 shares during the quarter. SG Americas Securities LLC’s holdings in 3D Systems were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DDD. Invesco Ltd. increased its position in 3D Systems by 2.0% in the fourth quarter. Invesco Ltd. now owns 5,766,891 shares of the 3D printing company’s stock worth $124,220,000 after purchasing an additional 110,926 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of 3D Systems by 1.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,703,862 shares of the 3D printing company’s stock valued at $61,780,000 after buying an additional 52,520 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in shares of 3D Systems by 83.9% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 3,654,231 shares of the 3D printing company’s stock valued at $79,224,000 after acquiring an additional 1,666,740 shares during the last quarter. Geode Capital Management LLC increased its stake in 3D Systems by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,072,901 shares of the 3D printing company’s stock worth $44,650,000 after acquiring an additional 31,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 3D Systems by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,536,609 shares of the 3D printing company’s stock worth $33,099,000 after acquiring an additional 21,966 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DDD. StockNews.com cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Thursday, May 12th. Bank of America dropped their target price on 3D Systems from $23.00 to $12.00 in a research report on Tuesday, May 10th. Finally, Craig Hallum reduced their price target on 3D Systems from $18.00 to $10.00 in a report on Wednesday, May 11th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.67.

3D Systems Price Performance

3D Systems stock opened at $11.91 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 6.57 and a quick ratio of 5.90. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 5.96 and a beta of 1.41. The firm has a 50-day moving average of $10.30 and a two-hundred day moving average of $13.47. 3D Systems Co. has a 1 year low of $8.78 and a 1 year high of $40.40.

3D Systems (NYSE:DDDGet Rating) last announced its quarterly earnings results on Monday, May 9th. The 3D printing company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The firm had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $132.67 million. 3D Systems had a net margin of 41.50% and a negative return on equity of 5.29%. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, research analysts forecast that 3D Systems Co. will post -0.39 earnings per share for the current year.

Insider Activity

In other news, CEO Jeffrey A. Graves acquired 10,141 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $106,480.50. Following the completion of the acquisition, the chief executive officer now directly owns 577,158 shares of the company’s stock, valued at approximately $6,060,159. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other 3D Systems news, CEO Jeffrey A. Graves acquired 10,141 shares of 3D Systems stock in a transaction that occurred on Thursday, May 19th. The stock was bought at an average price of $10.50 per share, with a total value of $106,480.50. Following the completion of the purchase, the chief executive officer now directly owns 577,158 shares of the company’s stock, valued at approximately $6,060,159. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jim D. Kever bought 10,000 shares of the stock in a transaction on Thursday, May 26th. The shares were bought at an average price of $10.65 per share, with a total value of $106,500.00. Following the acquisition, the director now owns 404,672 shares of the company’s stock, valued at $4,309,756.80. The disclosure for this purchase can be found here. Insiders own 3.45% of the company’s stock.

About 3D Systems

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3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, 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.

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Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)

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