3D Systems Co. (NYSE:DDD) Stake Lessened by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in 3D Systems Co. (NYSE:DDD) by 32.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 494,530 shares of the 3D printing company’s stock after selling 239,488 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in 3D Systems were worth $3,140,000 as of its most recent SEC filing.

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

3D Systems Stock Down 0.7 %

DDD stock opened at $3.48 on Thursday. The company has a quick ratio of 3.24, a current ratio of 4.30 and a debt-to-equity ratio of 0.76. The business’s 50-day simple moving average is $4.38 and its 200 day simple moving average is $4.82. The company has a market cap of $463.68 million, a PE ratio of -1.22 and a beta of 1.75. 3D Systems Co. has a twelve month low of $3.32 and a twelve month high of $11.09.

3D Systems (NYSE:DDD) last released its quarterly earnings data 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 company had revenue of $114.85 million for the quarter, compared to analyst estimates of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. On average, research analysts anticipate that 3D Systems Co. will post -0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

DDD has been the topic of a number of recent research reports. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research report on Sunday, March 3rd. Cantor Fitzgerald initiated coverage on 3D Systems in a research report on Tuesday, February 13th. They set an “overweight” rating and a $8.50 target price on the stock.

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.