Raymond James & Associates Grows Stock Position in 3D Systems Co. (NYSE:DDD)

Raymond James & Associates raised its holdings in 3D Systems Co. (NYSE:DDD) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,996 shares of the 3D printing company’s stock after buying an additional 17,660 shares during the quarter. Raymond James & Associates’ holdings in 3D Systems were worth $737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Numerai GP LLC acquired a new stake in shares of 3D Systems in the third quarter worth approximately $53,000. PNC Financial Services Group Inc. boosted its holdings in shares of 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 valued at $67,000 after purchasing an additional 2,786 shares during the last quarter. Syon Capital LLC purchased a new stake in shares of 3D Systems during the 3rd quarter valued at $71,000. MQS Management LLC acquired a new stake in shares of 3D Systems during the 3rd quarter worth $81,000. Finally, Sequoia Financial Advisors LLC acquired a new position in 3D Systems in the third quarter valued at $84,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Performance

NYSE:DDD opened at $3.50 on Wednesday. The firm’s fifty day simple moving average is $4.42 and its 200 day simple moving average is $4.83. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76. 3D Systems Co. has a twelve month low of $3.32 and a twelve month high of $11.09. The firm has a market capitalization of $467.01 million, a price-to-earnings ratio of -1.23 and a beta of 1.75.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, February 27th. The 3D printing company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). The company had revenue of $114.85 million for the quarter, compared to analyst estimates 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 research analysts expect that 3D Systems Co. will post -0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on DDD. Cantor Fitzgerald initiated coverage on 3D Systems in a research note on Tuesday, February 13th. They set an “overweight” rating and a $8.50 price target for the company. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a research report 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.