Mirae Asset Global Investments Co. Ltd. Sells 24,194 Shares of 3D Systems Co. (NYSE:DDD)

Mirae Asset Global Investments Co. Ltd. lowered its stake in 3D Systems Co. (NYSE:DDD) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 353,123 shares of the 3D printing company’s stock after selling 24,194 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.26% of 3D Systems worth $2,242,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. raised its holdings in shares of 3D Systems by 0.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 160,511 shares of the 3D printing company’s stock valued at $1,188,000 after purchasing an additional 962 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of 3D Systems by 40.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,474 shares of the 3D printing company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. FMR LLC raised its holdings in shares of 3D Systems by 15.9% in the second quarter. FMR LLC now owns 9,246 shares of the 3D printing company’s stock valued at $90,000 after purchasing an additional 1,265 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of 3D Systems by 9.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,303 shares of the 3D printing company’s stock valued at $130,000 after purchasing an additional 1,380 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of 3D Systems by 11.9% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 13,200 shares of the 3D printing company’s stock valued at $98,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.

Analyst Upgrades and Downgrades

DDD has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of 3D Systems in a report on Tuesday, February 13th. They set an “overweight” rating and a $8.50 target price on the stock. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Sunday, March 3rd.

3D Systems Price Performance

Shares of DDD opened at $3.55 on Friday. The company has a market cap of $473.69 million, a price-to-earnings ratio of -1.25 and a beta of 1.75. 3D Systems Co. has a 1-year low of $3.32 and a 1-year high of $11.09. The company’s fifty day simple moving average is $4.48 and its 200 day simple moving average is $4.84. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76.

3D Systems (NYSE:DDD) last issued its earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). 3D Systems had a negative return on equity of 9.34% and a negative net margin of 75.90%. The firm had revenue of $114.85 million for the quarter, compared to analyst estimates of $124.33 million. On average, research analysts forecast that 3D Systems Co. will post -0.25 earnings per share for the current fiscal year.

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.