Rhumbline Advisers Buys 55,340 Shares of 3D Systems Co. (DDD)

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.

COPYRIGHT VIOLATION NOTICE: “Rhumbline Advisers Buys 55,340 Shares of 3D Systems Co. (DDD)” was first posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://transcriptdaily.com/2019/03/01/rhumbline-advisers-buys-55340-shares-of-3d-systems-co-ddd.html.

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.

Read More: What is the price-to-earnings growth (PEG) ratio?

Want to see what other hedge funds are holding DDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 3D Systems Co. (NYSE:DDD).

Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)

Receive News & Ratings for 3D Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply