Verition Fund Management LLC Buys Shares of 31,996 3D Systems Co. (NYSE:DDD)

Verition Fund Management LLC purchased a new position in 3D Systems Co. (NYSE:DDD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,996 shares of the 3D printing company’s stock, valued at approximately $91,000.

Other hedge funds have also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in 3D Systems by 6.4% in the third quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after acquiring an additional 3,166 shares in the last quarter. Inspire Investing LLC boosted its position in shares of 3D Systems by 33.7% in the 3rd quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock worth $43,000 after purchasing an additional 3,818 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of 3D Systems by 14.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock worth $133,000 after purchasing an additional 5,884 shares in the last quarter. Impact Partnership Wealth LLC grew its stake in 3D Systems by 49.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 21,157 shares of the 3D printing company’s stock worth $60,000 after buying an additional 6,992 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in 3D Systems by 23.8% in the third quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock valued at $130,000 after buying an additional 8,769 shares during the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DDD has been the topic of a number of research analyst reports. Craig Hallum upgraded 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Lake Street Capital decreased their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Cantor Fitzgerald reduced their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Stock Performance

DDD opened at $3.79 on Wednesday. The firm has a 50 day moving average of $3.18 and a two-hundred day moving average of $3.08. The firm has a market capitalization of $514.00 million, a PE ratio of -0.95 and a beta of 1.64. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. 3D Systems Co. has a 12-month low of $1.72 and a 12-month high of $6.85.

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.