Renaissance Technologies LLC Sells 498,780 Shares of 3D Systems Co. (NYSE:DDD)

Renaissance Technologies LLC trimmed its holdings in 3D Systems Co. (NYSE:DDD) by 88.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,170 shares of the 3D printing company’s stock after selling 498,780 shares during the quarter. Renaissance Technologies LLC’s holdings in 3D Systems were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. ARK Investment Management LLC grew its holdings in shares of 3D Systems by 13.8% during the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after buying an additional 535,287 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 3D Systems by 446.6% in the 4th quarter. JPMorgan Chase & Co. now owns 308,015 shares of the 3D printing company’s stock worth $1,010,000 after purchasing an additional 251,661 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 purchasing an additional 178,102 shares during the last quarter. Barclays PLC lifted its holdings in shares of 3D Systems by 260.1% during the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock valued at $589,000 after purchasing an additional 149,793 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of 3D Systems by 822.7% during the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock valued at $458,000 after buying an additional 124,547 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Stock Performance

NYSE DDD opened at $1.96 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The business’s 50 day moving average price is $2.29 and its 200-day moving average price is $3.07. The company has a market cap of $264.99 million, a P/E ratio of -0.49 and a beta of 1.94. 3D Systems Co. has a fifty-two week low of $1.71 and a fifty-two week high of $5.00.

Analyst Ratings Changes

DDD has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Thursday, April 24th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. Finally, Cantor Fitzgerald cut their price objective on 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.67.

3D Systems Company 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.