Alliancebernstein L.P. Sells 36,160 Shares of 3D Systems Co. (NYSE:DDD)

Alliancebernstein L.P. cut its stake in shares of 3D Systems Co. (NYSE:DDD) by 29.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,410 shares of the 3D printing company’s stock after selling 36,160 shares during the quarter. Alliancebernstein L.P. owned 0.06% of 3D Systems worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC grew its stake in shares of 3D Systems by 260.1% in the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after purchasing an additional 149,793 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 3D Systems by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock worth $3,913,000 after acquiring an additional 178,102 shares during the period. Geode Capital Management LLC boosted its holdings in 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after acquiring an additional 38,431 shares in the last quarter. Inspire Investing LLC raised its holdings in 3D Systems by 822.7% in the 4th quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock worth $458,000 after purchasing an additional 124,547 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its position in shares of 3D Systems by 8.2% during the fourth quarter. Silverberg Bernstein Capital Management LLC now owns 1,323,709 shares of the 3D printing company’s stock valued at $4,342,000 after buying an additional 99,950 shares during the period. 64.49% of the stock is currently owned by institutional investors.

3D Systems Trading Down 4.6 %

Shares of NYSE DDD opened at $1.78 on Tuesday. 3D Systems Co. has a 52-week low of $1.71 and a 52-week high of $5.00. The company has a market cap of $240.58 million, a PE ratio of -0.45 and a beta of 1.81. The firm’s 50 day moving average price is $2.79 and its 200-day moving average price is $3.16. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Tuesday, April 8th. StockNews.com cut shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Friday, April 4th. Cantor Fitzgerald decreased their price target on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.67.

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.