3D Systems Co. (NYSE:DDD) Shares Acquired by ARK Investment Management LLC

ARK Investment Management LLC boosted its position in shares of 3D Systems Co. (NYSE:DDD) by 7.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,109,753 shares of the 3D printing company’s stock after acquiring an additional 216,637 shares during the quarter. ARK Investment Management LLC’s holdings in 3D Systems were worth $19,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in DDD. Renaissance Technologies LLC increased its position in 3D Systems by 4,942.7% during the first quarter. Renaissance Technologies LLC now owns 1,152,250 shares of the 3D printing company’s stock worth $19,220,000 after buying an additional 1,129,400 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 3D Systems by 76.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,195,774 shares of the 3D printing company’s stock valued at $23,536,000 after purchasing an additional 954,307 shares during the last quarter. Norges Bank purchased a new position in shares of 3D Systems in the 4th quarter valued at approximately $6,575,000. Federated Hermes Inc. grew its stake in shares of 3D Systems by 123.0% in the 1st quarter. Federated Hermes Inc. now owns 1,604,186 shares of the 3D printing company’s stock valued at $26,758,000 after purchasing an additional 884,823 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC purchased a new position in shares of 3D Systems in the 4th quarter valued at approximately $4,684,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Price Performance

3D Systems stock opened at $4.46 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.24 and a current ratio of 4.30. 3D Systems Co. has a 1-year low of $3.50 and a 1-year high of $11.09. The stock’s 50 day moving average price is $4.82 and its 200 day moving average price is $4.94.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). The business had revenue of $114.85 million during the quarter, compared to analysts’ expectations of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. Equities analysts anticipate that 3D Systems Co. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DDD. Cantor Fitzgerald began coverage on 3D Systems in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $8.50 target price on the stock. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd.

About 3D Systems

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.