River & Mercantile Asset Management LLP Takes $622,000 Position in 3D Systems Co. (NYSE:DDD)

River & Mercantile Asset Management LLP bought a new position in shares of 3D Systems Co. (NYSE:DDD – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,500 shares of the 3D printing company’s stock, valued at approximately $622,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in 3D Systems during the 1st quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in 3D Systems in the 2nd quarter worth approximately $45,000. Pacer Advisors Inc. grew its stake in 3D Systems by 35.2% in the 3rd quarter. Pacer Advisors Inc. now owns 5,128 shares of the 3D printing company’s stock worth $41,000 after buying an additional 1,334 shares in the last quarter. FMR LLC grew its stake in 3D Systems by 15.9% in the 2nd quarter. FMR LLC now owns 9,246 shares of the 3D printing company’s stock worth $90,000 after buying an additional 1,265 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in 3D Systems by 85.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,474 shares of the 3D printing company’s stock worth $84,000 after buying an additional 4,813 shares in the last quarter. Institutional investors own 67.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Credit Suisse Group reissued an “underperform” rating and issued a $7.00 price target on shares of 3D Systems in a research note on Thursday, March 2nd. StockNews.com started coverage on shares of 3D Systems in a research note on Thursday. They issued a “sell” rating for the company.

3D Systems Trading Up 3.7 %

NYSE:DDD opened at $10.55 on Friday. The company has a quick ratio of 4.56, a current ratio of 5.46 and a debt-to-equity ratio of 0.60. 3D Systems Co. has a 52 week low of $7.02 and a 52 week high of $17.83. The firm has a market capitalization of $1.38 billion, a P/E ratio of -10.48 and a beta of 1.71. The company has a fifty day moving average of $10.31 and a 200 day moving average of $9.36.

About 3D Systems

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3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.