Inspire Investing LLC Raises Stock Holdings in 3D Systems Corporation $DDD

Inspire Investing LLC increased its position in 3D Systems Corporation (NYSE:DDD) by 56.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 254,340 shares of the 3D printing company’s stock after purchasing an additional 92,185 shares during the period. Inspire Investing LLC’s holdings in 3D Systems were worth $392,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Ledgewood Wealth Advisors LLC increased its stake in shares of 3D Systems by 4.5% in the second quarter. Ledgewood Wealth Advisors LLC now owns 233,800 shares of the 3D printing company’s stock worth $360,000 after buying an additional 10,000 shares during the period. Silverberg Bernstein Capital Management LLC increased its stake in shares of 3D Systems by 33.0% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 2,040,660 shares of the 3D printing company’s stock worth $3,143,000 after buying an additional 506,139 shares during the period. Acadian Asset Management LLC purchased a new position in shares of 3D Systems in the first quarter worth $205,000. NewEdge Advisors LLC increased its position in 3D Systems by 5,139.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in 3D Systems during the 1st quarter valued at $143,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Stock Performance

Shares of DDD stock opened at $3.12 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.76. The company has a market capitalization of $399.50 million, a price-to-earnings ratio of -2.38 and a beta of 2.11. The company’s 50-day moving average is $2.41 and its 200 day moving average is $2.00. 3D Systems Corporation has a one year low of $1.32 and a one year high of $5.00.

Analysts Set New Price Targets

A number of research analysts have issued reports on DDD shares. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of 3D Systems to a “hold” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.00.

3D Systems Company 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.