Royal Bank of Canada boosted its holdings in The ExOne Company (NASDAQ:XONE) by 111.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,856 shares of the industrial products company’s stock after purchasing an additional 6,779 shares during the period. Royal Bank of Canada owned about 0.08% of The ExOne worth $147,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of XONE. Ark Investment Management LLC boosted its holdings in The ExOne by 35.5% in the second quarter. Ark Investment Management LLC now owns 696,980 shares of the industrial products company’s stock valued at $7,980,000 after purchasing an additional 182,770 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in The ExOne by 83.9% in the second quarter. Essex Investment Management Co. LLC now owns 149,452 shares of the industrial products company’s stock valued at $1,711,000 after purchasing an additional 68,187 shares during the last quarter. Banque Pictet & Cie SA purchased a new position in The ExOne in the second quarter valued at about $229,000. SG Americas Securities LLC bought a new position in The ExOne during the 2nd quarter worth approximately $224,000. Finally, KCG Holdings Inc. bought a new position in The ExOne during the 1st quarter worth approximately $181,000. 31.29% of the stock is owned by hedge funds and other institutional investors.
Shares of The ExOne Company (XONE) opened at $11.70 on Monday. The ExOne Company has a 1 year low of $6.72 and a 1 year high of $14.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 1.62.
The ExOne (NASDAQ:XONE) last posted its earnings results on Thursday, November 9th. The industrial products company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.13). The ExOne had a negative net margin of 39.52% and a negative return on equity of 25.42%. The business had revenue of $15.89 million during the quarter, compared to analyst estimates of $16.05 million. During the same quarter in the prior year, the business earned ($0.23) earnings per share. The firm’s revenue was up 22.3% compared to the same quarter last year. sell-side analysts predict that The ExOne Company will post -1.12 EPS for the current year.
A number of research analysts have commented on XONE shares. ValuEngine downgraded The ExOne from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Canaccord Genuity Group Inc. raised The ExOne from a “hold” rating to a “buy” rating and increased their target price for the stock from $9.50 to $13.00 in a report on Wednesday, November 15th. B. Riley reiterated a “buy” rating on shares of The ExOne in a research report on Wednesday, November 1st. Canaccord Genuity upgraded The ExOne from a “hold” rating to a “buy” rating and increased their price target for the stock from $9.50 to $13.00 in a research report on Monday, November 13th. Finally, Zacks Investment Research cut The ExOne from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The ExOne has a consensus rating of “Buy” and a consensus target price of $13.67.
In related news, Director John Irvin sold 3,606 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $11.54, for a total value of $41,613.24. Following the sale, the director now directly owns 154,300 shares in the company, valued at approximately $1,780,622. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.60% of the stock is owned by company insiders.
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About The ExOne
The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.
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