Belpointe Asset Management LLC Reduces Holdings in 3D Systems Co. (NYSE:DDD)

Belpointe Asset Management LLC cut its stake in shares of 3D Systems Co. (NYSE:DDD – Get Rating) by 15.7% in the 4th quarter, HoldingsChannel reports. The fund owned 10,590 shares of the 3D printing company’s stock after selling 1,965 shares during the quarter. Belpointe Asset Management LLC’s holdings in 3D Systems were worth $78,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in 3D Systems by 1.3% during the 3rd quarter. BlackRock Inc. now owns 21,264,006 shares of the 3D printing company’s stock valued at $169,687,000 after acquiring an additional 277,012 shares during the period. Vanguard Group Inc. boosted its position in 3D Systems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 13,588,454 shares of the 3D printing company’s stock valued at $226,656,000 after buying an additional 130,597 shares during the period. Invesco Ltd. grew its holdings in 3D Systems by 0.5% in the 1st quarter. Invesco Ltd. now owns 5,796,473 shares of the 3D printing company’s stock worth $96,685,000 after acquiring an additional 29,582 shares during the last quarter. State Street Corp increased its position in shares of 3D Systems by 2.6% in the third quarter. State Street Corp now owns 5,046,700 shares of the 3D printing company’s stock valued at $40,273,000 after acquiring an additional 126,496 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of 3D Systems by 10.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,700,552 shares of the 3D printing company’s stock valued at $28,367,000 after acquiring an additional 163,943 shares during the last quarter. 67.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 3D Systems news, Director Malissia Clinton sold 8,685 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $8.58, for a total transaction of $74,517.30. Following the transaction, the director now owns 62,785 shares in the company, valued at approximately $538,695.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.45% of the company’s stock.

Analysts Set New Price Targets

DDD has been the topic of several recent analyst reports. Credit Suisse Group reissued an “underperform” rating and issued a $7.00 target price on shares of 3D Systems in a research note on Thursday, March 2nd. StockNews.com initiated coverage on 3D Systems in a report on Thursday. They issued a “sell” rating for the company.

3D Systems Stock Down 2.5 %

Shares of NYSE DDD opened at $8.34 on Friday. The company has a current ratio of 5.26, a quick ratio of 4.30 and a debt-to-equity ratio of 0.62. 3D Systems Co. has a 12 month low of $7.02 and a 12 month high of $13.52. The firm has a market capitalization of $1.09 billion, a PE ratio of -8.42 and a beta of 1.75. The firm has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $9.50.

3D Systems (NYSE:DDD – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). 3D Systems had a negative return on equity of 11.82% and a negative net margin of 23.82%. The company had revenue of $132.73 million during the quarter, compared to the consensus estimate of $132.34 million. Equities analysts expect that 3D Systems Co. will post -0.51 earnings per share for the current year.

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.