Texas Permanent School Fund Corp Raises Position in 3D Systems Co. (NYSE:DDD)

Texas Permanent School Fund Corp lifted its stake in 3D Systems Co. (NYSE:DDD) by 28.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,029 shares of the 3D printing company’s stock after buying an additional 33,318 shares during the period. Texas Permanent School Fund Corp’s holdings in 3D Systems were worth $458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DDD. Russell Investments Group Ltd. boosted its position in shares of 3D Systems by 5,994.9% in the fourth quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after buying an additional 4,676 shares during the period. Quadrant Capital Group LLC boosted its holdings in 3D Systems by 471.7% in the fourth quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company’s stock valued at $31,000 after purchasing an additional 3,991 shares during the last quarter. Foundations Investment Advisors LLC purchased a new position in 3D Systems in the second quarter valued at about $37,000. Mizuho Securities Co. Ltd. purchased a new position in 3D Systems in the second quarter valued at about $38,000. Finally, Impact Partnership Wealth LLC purchased a new position in 3D Systems in the second quarter valued at about $43,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Trading Down 1.5 %

Shares of NYSE DDD opened at $2.58 on Friday. The stock’s 50 day moving average price is $2.80 and its two-hundred day moving average price is $3.45. 3D Systems Co. has a 52-week low of $1.72 and a 52-week high of $6.85. The stock has a market capitalization of $344.26 million, a P/E ratio of -0.91 and a beta of 1.65. The company has a quick ratio of 2.42, a current ratio of 3.46 and a debt-to-equity ratio of 0.55.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The company had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. On average, analysts anticipate that 3D Systems Co. will post -0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DDD has been the subject of a number of analyst reports. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Lake Street Capital reduced their price target on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Loop Capital reduced their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Cantor Fitzgerald cut their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, 3D Systems currently has a consensus rating of “Hold” and an average target price of $3.25.

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.