3D Systems Co. (NYSE:DDD) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its holdings in shares of 3D Systems Co. (NYSE:DDD) by 64.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,570 shares of the 3D printing company’s stock after selling 24,200 shares during the period. Everence Capital Management Inc.’s holdings in 3D Systems were worth $86,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System purchased a new position in 3D Systems in the 4th quarter valued at about $424,000. Nisa Investment Advisors LLC lifted its stake in 3D Systems by 386.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,490 shares of the 3D printing company’s stock valued at $41,000 after buying an additional 5,155 shares in the last quarter. ARK Investment Management LLC lifted its stake in 3D Systems by 7.5% in the 4th quarter. ARK Investment Management LLC now owns 3,109,753 shares of the 3D printing company’s stock valued at $19,747,000 after buying an additional 216,637 shares in the last quarter. Silverberg Bernstein Capital Management LLC purchased a new position in 3D Systems in the 4th quarter valued at about $4,684,000. Finally, Raymond James & Associates lifted its stake in 3D Systems by 18.0% in the 4th quarter. Raymond James & Associates now owns 115,996 shares of the 3D printing company’s stock valued at $737,000 after buying an additional 17,660 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DDD. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd. Cantor Fitzgerald started coverage on shares of 3D Systems in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $8.50 target price on the stock.

3D Systems Trading Up 2.3 %

DDD opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.30 and a quick ratio of 3.24. The company’s 50 day simple moving average is $4.48 and its two-hundred day simple moving average is $4.84. 3D Systems Co. has a 1-year low of $3.32 and a 1-year high of $11.09. The firm has a market capitalization of $473.68 million, a price-to-earnings ratio of -1.25 and a beta of 1.75.

3D Systems (NYSE:DDD) last released its 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). 3D Systems had a negative return on equity of 9.34% and a negative net margin of 75.90%. The business had revenue of $114.85 million during the quarter, compared to analysts’ expectations of $124.33 million. Analysts expect that 3D Systems Co. will post -0.25 EPS for the current fiscal year.

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.