Advisor Group Holdings Inc. sells 23,176 shares of 3D Systems Co. (NYSE: DDD)


Advisor Group Holdings Inc. lowered its position in shares of 3D Systems Co. (NYSE: DDD – Get Rating) by 12.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund held 167,938 shares of the 3D printing company after selling 23,176 shares during the quarter. Advisor Group Holdings Inc. owned approximately 0.13% of 3D Systems worth $2,679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently changed their positions in the company. Invesco Ltd. increased its stake in 3D Systems by 2.0% in the fourth quarter. Invesco Ltd. now owns 5,766,891 shares of the 3D printing company valued at $124,220,000 after purchasing an additional 110,926 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in 3D Systems by 1.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,703,862 shares of the 3D printing company valued at $61,780,000 after buying an additional 52,520 shares in the last quarter. Nikko Asset Management Americas Inc. increased its stake in 3D Systems by 83.9% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 3,654,231 shares of the 3D printing company valued at $79,224,000 after buying an additional 1,666,740 shares in the last quarter. Geode Capital Management LLC increased its stake in 3D Systems by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,072,901 shares of the 3D printing company valued at $44,650,000 after buying 31,734 additional shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 3D Systems by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,536,609 shares of the 3D printing company valued at $33,099,000 after buying 21,966 additional shares in the last quarter. Institutional investors hold 69.13% of the company’s shares.

Stock of 3D systems up 2.3%

DDD stock opened at $12.40 on Friday. The company has a debt ratio of 0.57, a current ratio of 5.52 and a quick ratio of 5.90. The stock has a market capitalization of $1.62 billion, a P/E ratio of 6.81 and a beta of 1.41. The company has a 50-day moving average of $10.53 and a 200-day moving average of $13.16. 3D Systems Co. has a fifty-two week minimum of $8.78 and a fifty-two week maximum of $34.97.

3D Systems (NYSE: DDD – Get Rating) last released its quarterly earnings data on Monday, August 8. The 3D printing company reported ($0.07) earnings per share for the quarter. The company posted revenue of $140.00 million for the quarter, versus analyst estimates of $145.48 million. 3D Systems had a negative return on equity of 6.43% and a net margin of 39.08%. The company’s quarterly revenue was down 13.9% year over year. During the same period of the previous year, the company made ($0.06) earnings per share. On average, sell-side analysts expect 3D Systems Co. to post -0.47 earnings per share for the current fiscal year.

Wall Street analysts predict growth

DDD has been the subject of a number of research analyst reports. StockNews.com upgraded 3D Systems from a “hold” rating to a “sell” rating in a Thursday, May 12 research note. Bank of America lowered its target price on 3D systems from $23.00 to $12.00 in a Tuesday, May 10 research note. Finally, Craig Hallum lowered his target price on 3D Systems from $18.00 to $10.00 in a Wednesday, May 11 research note. Three analysts rated the stock with a sell rating, two gave the stock a hold rating and one gave the stock a buy rating. According to data from MarketBeat.com, 3D Systems has a consensus rating of “Hold” and an average target price of $18.20.

Insider Activity at 3D Systems

Separately, CEO Jeffrey A. Graves purchased 10,141 shares of 3D Systems in a trade that took place on Thursday, May 19. The shares were purchased at an average cost of $10.50 per share, with a total value of $106,480.50. Following completion of the transaction, the CEO now owns 577,158 shares of the company, valued at approximately $6,060,159. The purchase was disclosed in a filing with the SEC, accessible via this hyperlink. Separately, director Jim D. Kever purchased 10,000 shares of 3D Systems in a trade that took place on Thursday, May 26. The shares were purchased at an average cost of $10.65 per share, with a total value of $106,500.00. Following completion of the transaction, the director now owns 404,672 shares of the company, valued at approximately $4,309,756.80. The purchase was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, CEO Jeffrey A. Graves purchased 10,141 shares of 3D Systems in a trade that took place on Thursday, May 19. The shares were purchased at an average cost of $10.50 per share, with a total value of $106,480.50. Following completion of the transaction, the CEO now directly owns 577,158 shares of the company, valued at approximately $6,060,159. Disclosure of this purchase can be found here. Insiders own 3.45% of the shares of the company.

About 3D Systems

(Get a rating)

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct-to-metal printing, multi-jet printing, color-jet printing, and SLA-based extrusion and bio-printing that transform the input of digital data generated by 3D design software, computer-aided design (CAD) software, or other 3D design tools into printed parts.

See also

Institutional Ownership by Quarter for 3D Systems (NYSE: DDD)



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