MetLife Investment Advisors LLC boosted its stake in shares of 3D Systems Co. (NYSE:DDD) by 53.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,185 shares of the 3D printing company’s stock after buying an additional 26,902 shares during the period. MetLife Investment Advisors LLC owned 0.07% of 3D Systems worth $1,459,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Alps Advisors Inc. increased its stake in shares of 3D Systems by 110.9% in the second quarter. Alps Advisors Inc. now owns 21,281 shares of the 3D printing company’s stock worth $294,000 after buying an additional 11,192 shares during the period. Bank of New York Mellon Corp increased its stake in shares of 3D Systems by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 1,313,379 shares of the 3D printing company’s stock worth $18,138,000 after buying an additional 71,725 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of 3D Systems by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 587,468 shares of the 3D printing company’s stock worth $8,113,000 after buying an additional 25,499 shares during the period. Swiss National Bank increased its stake in shares of 3D Systems by 5.3% in the second quarter. Swiss National Bank now owns 198,250 shares of the 3D printing company’s stock worth $2,738,000 after buying an additional 9,900 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of 3D Systems in the second quarter worth $369,000. Institutional investors own 71.66% of the company’s stock.
Get 3D Systems alerts: In other news, EVP Andrew Martin Johnson sold 4,200 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $17.80, for a total transaction of $74,760.00. Following the sale, the executive vice president now owns 208,825 shares in the company, valued at approximately $3,717,085. The sale was disclosed in a document filed with the SEC, which is accessible through this link . Insiders own 5.00% of the company’s stock.
Several research analysts recently commented on the stock. Loop Capital decreased their target price on shares of 3D Systems to $14.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. Piper Jaffray Companies raised shares of 3D Systems from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $14.00 to $17.00 in a research note on Wednesday, October 24th. Gabelli downgraded shares of 3D Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Zacks Investment Research cut shares of 3D Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, ValuEngine cut shares of 3D Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.74.
NYSE:DDD opened at $10.30 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of -18.07 and a beta of 1.79. 3D Systems Co. has a twelve month low of $8.88 and a twelve month high of $21.78. The company has a current ratio of 2.29, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01.
3D Systems (NYSE:DDD) last announced its earnings results on Tuesday, October 30th. The 3D printing company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). 3D Systems had a negative net margin of 7.53% and a negative return on equity of 5.12%. The business had revenue of $164.50 million for the quarter, compared to the consensus estimate of $171.82 million. During the same quarter last year, the firm posted ($0.20) EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, analysts predict that 3D Systems Co. will post -0.13 earnings per share for the current fiscal year.
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3D Systems Profile
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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