Commonwealth Equity Services LLC Reduces Stock Position in 3D Systems Co. (NYSE:DDD)

Commonwealth Equity Services LLC cut its holdings in 3D Systems Co. (NYSE:DDD – Get Rating) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,285 shares of the 3D printing company’s stock after selling 4,733 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.07% of 3D Systems worth $668,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in 3D Systems by 40.7% during the first quarter. Envestnet Asset Management Inc. now owns 15,473 shares of the 3D printing company’s stock worth $258,000 after acquiring an additional 4,478 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 3D Systems by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,226,617 shares of the 3D printing company’s stock valued at $20,461,000 after acquiring an additional 4,812 shares during the period. Citigroup Inc. raised its stake in shares of 3D Systems by 10.4% in the 1st quarter. Citigroup Inc. now owns 148,216 shares of the 3D printing company’s stock valued at $2,473,000 after acquiring an additional 13,941 shares during the period. Natixis Advisors L.P. purchased a new position in shares of 3D Systems in the 1st quarter valued at $638,000. Finally, MetLife Investment Management LLC increased its stake in 3D Systems by 56.2% during the 1st quarter. MetLife Investment Management LLC now owns 65,646 shares of the 3D printing company’s stock worth $1,095,000 after buying an additional 23,623 shares during the period. 67.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at 3D Systems

In related news, Director Malissia Clinton sold 8,685 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $8.58, for a total transaction of $74,517.30. Following the completion of the sale, the director now directly owns 62,785 shares of the company’s stock, valued at approximately $538,695.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.18% of the company’s stock.

3D Systems Trading Down 3.3 %

NYSE:DDD opened at $8.27 on Thursday. 3D Systems Co. has a 1-year low of $7.02 and a 1-year high of $13.52. The stock has a fifty day simple moving average of $9.30 and a 200 day simple moving average of $9.50. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -8.35 and a beta of 1.75. The company has a quick ratio of 4.30, a current ratio of 5.26 and a debt-to-equity ratio of 0.62.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DDD. Credit Suisse Group reaffirmed an “underperform” rating and set a $7.00 target price on shares of 3D Systems in a research report on Thursday, March 2nd. StockNews.com began coverage on 3D Systems in a research note on Thursday, May 18th. They set a “sell” rating on the stock.

3D Systems Profile

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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.