Amalgamated Bank Has $117,000 Stake in 3D Systems Co. (NYSE:DDD)

Amalgamated Bank lowered its holdings in 3D Systems Co. (NYSE:DDD) by 11.3% during the second quarter, Holdings Channel.com reports. The firm owned 38,202 shares of the 3D printing company’s stock after selling 4,866 shares during the period. Amalgamated Bank’s holdings in 3D Systems were worth $117,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DDD. PNC Financial Services Group Inc. lifted its position in 3D Systems by 54.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 20,986 shares of the 3D printing company’s stock worth $133,000 after buying an additional 7,438 shares in the last quarter. Inspire Advisors LLC raised its stake in shares of 3D Systems by 24.2% in the second quarter. Inspire Advisors LLC now owns 46,960 shares of the 3D printing company’s stock worth $144,000 after acquiring an additional 9,136 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of 3D Systems by 21.8% during the second quarter. Federated Hermes Inc. now owns 55,180 shares of the 3D printing company’s stock worth $169,000 after purchasing an additional 9,860 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of 3D Systems during the fourth quarter valued at approximately $65,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of 3D Systems by 73.6% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 25,001 shares of the 3D printing company’s stock valued at $159,000 after purchasing an additional 10,601 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

3D Systems Trading Down 6.0 %

NYSE:DDD opened at $2.67 on Wednesday. The company has a current ratio of 3.46, a quick ratio of 2.42 and a debt-to-equity ratio of 0.55. 3D Systems Co. has a 1-year low of $1.72 and a 1-year high of $6.85. The firm has a market capitalization of $356.63 million, a price-to-earnings ratio of -0.94 and a beta of 1.65. The business’s 50-day moving average price is $2.63 and its two-hundred day moving average price is $3.34.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DDD shares. Loop Capital decreased their price objective on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Friday, August 30th. Cantor Fitzgerald dropped their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a report on Friday, August 30th. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Finally, Lake Street Capital dropped their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems 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.