3D Systems Corporation (NYSE:DDD) Shares Sold by Wealth Effects LLC

Wealth Effects LLC cut its holdings in 3D Systems Corporation (NYSE:DDD) by 5.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 299,200 shares of the 3D printing company’s stock after selling 16,000 shares during the period. Wealth Effects LLC’s holdings in 3D Systems were worth $634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cibc World Markets Corp acquired a new position in 3D Systems in the fourth quarter valued at $39,000. Boothbay Fund Management LLC purchased a new stake in 3D Systems during the fourth quarter valued at about $44,000. Canada Pension Plan Investment Board grew its position in 3D Systems by 67.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock valued at $46,000 after acquiring an additional 5,700 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in 3D Systems during the fourth quarter valued at about $52,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in 3D Systems by 15.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company’s stock valued at $55,000 after acquiring an additional 2,279 shares during the period. 64.49% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Stock Down 3.4%

Shares of 3D Systems stock opened at $1.39 on Thursday. The company has a fifty day moving average price of $1.77 and a 200 day moving average price of $2.73. The company has a current ratio of 2.79, a quick ratio of 1.96 and a debt-to-equity ratio of 1.46. 3D Systems Corporation has a twelve month low of $1.32 and a twelve month high of $5.00. The stock has a market cap of $189.71 million, a price-to-earnings ratio of -0.67 and a beta of 1.89.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DDD. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, May 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research report on Wednesday, June 11th. Cantor Fitzgerald lowered their price target 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. Finally, Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.67.

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.