3D Systems Corporation $DDD Shares Sold by Wealth Effects LLC

Wealth Effects LLC reduced its position in 3D Systems Corporation (NYSE:DDD) by 35.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,700 shares of the 3D printing company’s stock after selling 107,500 shares during the period. Wealth Effects LLC’s holdings in 3D Systems were worth $295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its position in 3D Systems by 703.1% during the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock worth $26,000 after purchasing an additional 10,814 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of 3D Systems during the 1st quarter worth $29,000. State of Wyoming purchased a new stake in shares of 3D Systems in the 1st quarter worth about $34,000. Finally, Brooklyn Investment Group purchased a new stake in shares of 3D Systems in the 1st quarter worth about $45,000. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Stock Performance

NYSE DDD opened at $2.81 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.82. 3D Systems Corporation has a 1-year low of $1.32 and a 1-year high of $5.00. The firm has a market capitalization of $360.00 million, a P/E ratio of -2.14 and a beta of 2.09. The business’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $1.97.

Analyst Upgrades and Downgrades

DDD has been the subject of several recent research reports. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Zacks Research raised shares of 3D Systems to a “hold” rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.

About 3D Systems

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.