HighTower Advisors LLC Buys Shares of 11,244 3D Systems Co. (NYSE:DDD)

HighTower Advisors LLC purchased a new position in 3D Systems Co. (NYSE:DDD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,244 shares of the 3D printing company’s stock, valued at approximately $31,000.

Other hedge funds also recently bought and sold shares of the company. Inspire Investing LLC acquired a new stake in 3D Systems in the second quarter valued at $35,000. Foundations Investment Advisors LLC purchased a new stake in shares of 3D Systems in the second quarter valued at approximately $37,000. Mizuho Securities Co. Ltd. purchased a new position in shares of 3D Systems in the 2nd quarter valued at about $38,000. Ballentine Partners LLC purchased a new stake in shares of 3D Systems during the 3rd quarter worth approximately $36,000. Finally, Algert Global LLC acquired a new stake in 3D Systems in the second quarter valued at $41,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Down 2.5 %

Shares of DDD stock opened at $3.47 on Friday. The business’s fifty day moving average is $3.25 and its 200-day moving average is $3.07. The stock has a market cap of $470.60 million, a PE ratio of -0.87 and a beta of 1.64. 3D Systems Co. has a 1 year low of $1.72 and a 1 year high of $6.83. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Insider Buying and Selling at 3D Systems

In other news, CEO Jeffrey A. Graves acquired 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the sale, the executive vice president now owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Thursday, December 12th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Loop Capital lowered their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” 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, Lake Street Capital decreased their price objective 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.