Cwm LLC Reduces Stake in 3D Systems Co. (NYSE:DDD)

Cwm LLC decreased its stake in shares of 3D Systems Co. (NYSE:DDD) by 71.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,995 shares of the 3D printing company’s stock after selling 24,763 shares during the period. Cwm LLC’s holdings in 3D Systems were worth $63,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its holdings in 3D Systems by 74.5% during the 4th quarter. Federated Hermes Inc. now owns 40,788 shares of the 3D printing company’s stock worth $259,000 after purchasing an additional 17,408 shares in the last quarter. Prosperity Wealth Management Inc. purchased a new stake in 3D Systems during the 4th quarter worth about $195,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 3D Systems by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,166 shares of the 3D printing company’s stock valued at $858,000 after acquiring an additional 2,890 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of 3D Systems in the 4th quarter valued at about $424,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of 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 valued at $41,000 after acquiring an additional 5,155 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Wall Street Analyst Weigh In

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

3D Systems Stock Performance

NYSE:DDD opened at $3.67 on Thursday. The stock has a market cap of $489.70 million, a P/E ratio of -1.29 and a beta of 1.81. The company has a quick ratio of 3.24, a current ratio of 4.30 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 business’s 50-day moving average price is $4.06 and its two-hundred day moving average price is $4.78.

3D Systems (NYSE:DDD) last announced 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 firm had revenue of $114.85 million for the quarter, compared to analysts’ expectations of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. As a group, equities analysts predict that 3D Systems Co. will post -0.25 EPS 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.