Rhumbline Advisers boosted its stake in shares of 3D Systems Co. (NYSE:DDD) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 327,858 shares of the 3D printing company’s stock after purchasing an additional 55,340 shares during the quarter. Rhumbline Advisers’ holdings in 3D Systems were worth $3,334,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in 3D Systems during the 4th quarter worth about $84,000. Caption Management LLC purchased a new position in shares of 3D Systems in the 4th quarter valued at about $101,000. Tower Research Capital LLC TRC purchased a new position in shares of 3D Systems in the 3rd quarter valued at about $122,000. Quantbot Technologies LP purchased a new position in shares of 3D Systems in the 3rd quarter valued at about $148,000. Finally, Fosun International Ltd purchased a new position in shares of 3D Systems in the 4th quarter valued at about $160,000. Institutional investors own 70.22% of the company’s stock.
A number of research analysts have recently commented on DDD shares. Piper Jaffray Companies upgraded 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 price objective on the stock in a report on Tuesday, January 29th. ValuEngine downgraded 3D Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.89.
DDD opened at $14.12 on Friday. 3D Systems Co. has a one year low of $9.00 and a one year high of $21.78. The stock has a market capitalization of $1.62 billion, a PE ratio of -24.77 and a beta of 1.91. The company has a current ratio of 2.29, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01.
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About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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