Russell Investments Group Ltd. Raises Position in 3D Systems Co. (NYSE:DDD)

Russell Investments Group Ltd. boosted its stake in 3D Systems Co. (NYSE:DDD) by 5,994.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,754 shares of the 3D printing company’s stock after buying an additional 4,676 shares during the quarter. Russell Investments Group Ltd.’s holdings in 3D Systems were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DDD. 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 worth $41,000 after purchasing an additional 5,155 shares in the last quarter. Numerai GP LLC purchased a new position in 3D Systems in the 3rd quarter worth approximately $53,000. PNC Financial Services Group Inc. lifted its stake in 3D Systems by 25.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,548 shares of the 3D printing company’s stock worth $67,000 after purchasing an additional 2,786 shares in the last quarter. Syon Capital LLC purchased a new position in 3D Systems in the 3rd quarter worth approximately $71,000. Finally, MQS Management LLC purchased a new position in 3D Systems in the 3rd quarter worth approximately $81,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DDD has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $8.25 price target on shares of 3D Systems in a report on Tuesday, May 14th. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Sunday, March 3rd.

3D Systems Stock Up 0.6 %

3D Systems stock opened at $3.50 on Friday. 3D Systems Co. has a fifty-two week low of $3.32 and a fifty-two week high of $11.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.24 and a current ratio of 4.30. The firm has a 50 day moving average price of $3.84 and a 200 day moving average price of $4.75. The company has a market capitalization of $467.01 million, a PE ratio of -1.23 and a beta of 1.81.

3D Systems (NYSE:DDD) last posted its earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.10). 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. The company had revenue of $114.85 million during the quarter, compared to analyst estimates of $124.33 million. Research analysts expect that 3D Systems Co. will post -0.25 earnings per share for the current year.

3D Systems Company Profile

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.