Dark Forest Capital Management LP Takes Position in 3D Systems Co. (NYSE:DDD)

Dark Forest Capital Management LP bought a new position in shares of 3D Systems Co. (NYSE:DDD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 51,102 shares of the 3D printing company’s stock, valued at approximately $168,000.

Other large investors have also recently bought and sold shares of the company. Icon Advisers Inc. Co. acquired a new stake in shares of 3D Systems in the 4th quarter valued at $5,248,000. ARK Investment Management LLC grew its holdings in 3D Systems by 13.8% during the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock worth $14,478,000 after acquiring an additional 535,287 shares during the last quarter. JPMorgan Chase & Co. increased its position in 3D Systems by 446.6% in the 4th quarter. JPMorgan Chase & Co. now owns 308,015 shares of the 3D printing company’s stock valued at $1,010,000 after acquiring an additional 251,661 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 3D Systems by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock worth $3,913,000 after acquiring an additional 178,102 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of 3D Systems by 260.1% during the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after purchasing an additional 149,793 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.

3D Systems Trading Down 3.1 %

NYSE DDD opened at $1.89 on Wednesday. 3D Systems Co. has a 12 month low of $1.71 and a 12 month high of $5.00. The stock has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $3.11. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $256.18 million, a PE ratio of -0.47 and a beta of 1.81.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DDD. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Thursday, April 24th. Cantor Fitzgerald decreased their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, 3D Systems presently has a consensus rating of “Hold” and an average price target of $3.67.

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.