Barclays PLC Grows Position in 3D Systems Co. (NYSE:DDD)

Barclays PLC lifted its position in shares of 3D Systems Co. (NYSE:DDD) by 260.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 207,379 shares of the 3D printing company’s stock after acquiring an additional 149,793 shares during the period. Barclays PLC’s holdings in 3D Systems were worth $589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Weiss Asset Management LP bought a new stake in shares of 3D Systems during the 3rd quarter valued at $1,143,000. XTX Topco Ltd lifted its position in 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after acquiring an additional 341,308 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in 3D Systems during the second quarter worth about $824,000. Silverberg Bernstein Capital Management LLC grew its holdings in 3D Systems by 32.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after purchasing an additional 302,484 shares during the period. Finally, ARK Investment Management LLC increased its stake in shares of 3D Systems by 26.0% during the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after purchasing an additional 799,157 shares in the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Price Performance

DDD opened at $3.28 on Thursday. The company’s 50-day simple moving average is $3.27 and its two-hundred day simple moving average is $3.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The stock has a market capitalization of $444.83 million, a P/E ratio of -0.82 and a beta of 1.64. 3D Systems Co. has a 52-week low of $1.72 and a 52-week high of $6.36.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DDD. Loop Capital dropped their price target 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. Lake Street Capital reduced their price objective 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. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four research 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 company has a consensus rating of “Hold” and an average price target of $3.25.

Insider Activity

In other news, CEO Jeffrey A. Graves bought 60,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at $1,281,346.30. The trade was 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.

3D Systems Company 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.