Mirae Asset Global Investments Co. Ltd. Decreases Stake in 3D Systems Co. (NYSE:DDD)

Mirae Asset Global Investments Co. Ltd. lowered its position in 3D Systems Co. (NYSE:DDD) by 6.4% in the 4th quarter, HoldingsChannel reports. The fund owned 353,123 shares of the 3D printing company’s stock after selling 24,194 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in 3D Systems were worth $2,242,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its holdings in 3D Systems by 0.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 160,511 shares of the 3D printing company’s stock worth $1,188,000 after acquiring an additional 962 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in 3D Systems by 40.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,474 shares of the 3D printing company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. FMR LLC grew its holdings in 3D Systems by 15.9% during the 2nd quarter. FMR LLC now owns 9,246 shares of the 3D printing company’s stock valued at $90,000 after buying an additional 1,265 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in 3D Systems by 9.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,303 shares of the 3D printing company’s stock valued at $130,000 after buying an additional 1,380 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in 3D Systems by 11.9% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 13,200 shares of the 3D printing company’s stock valued at $98,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Cantor Fitzgerald started coverage on 3D Systems in a report on Tuesday, February 13th. They set an “overweight” rating and a $8.50 target price for the company. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research report on Sunday, March 3rd.

3D Systems Stock Performance

Shares of DDD opened at $3.55 on Friday. The company has a market cap of $473.69 million, a PE ratio of -1.25 and a beta of 1.75. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $4.48 and a 200-day moving average price of $4.84. 3D Systems Co. has a 12-month low of $3.32 and a 12-month high of $11.09.

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). The firm had revenue of $114.85 million during the quarter, compared to the consensus estimate of $124.33 million. 3D Systems had a negative return on equity of 9.34% and a negative net margin of 75.90%. As a group, equities analysts forecast that 3D Systems Co. will post -0.25 earnings per share for the current fiscal year.

3D Systems 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.