Rhumbline Advisers Has $680,000 Stock Position in 3D Systems Co. (NYSE:DDD)

Rhumbline Advisers boosted its position in shares of 3D Systems Co. (NYSE:DDD) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 207,406 shares of the 3D printing company’s stock after purchasing an additional 4,451 shares during the quarter. Rhumbline Advisers’ holdings in 3D Systems were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. ARK Investment Management LLC raised its holdings in 3D Systems by 26.0% in the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after purchasing an additional 799,157 shares during the period. Exchange Traded Concepts LLC increased its position in shares of 3D Systems by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock valued at $10,506,000 after buying an additional 68,530 shares in the last quarter. Geode Capital Management LLC raised its stake in 3D Systems by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after buying an additional 38,431 shares during the period. Silverberg Bernstein Capital Management LLC lifted its holdings in 3D Systems by 8.2% during the fourth quarter. Silverberg Bernstein Capital Management LLC now owns 1,323,709 shares of the 3D printing company’s stock worth $4,342,000 after acquiring an additional 99,950 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in 3D Systems by 13.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock valued at $2,821,000 after acquiring an additional 116,158 shares during the period. 64.49% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Stock Down 2.8 %

3D Systems stock opened at $2.95 on Friday. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $5.25. The firm has a market capitalization of $399.40 million, a PE ratio of -0.74 and a beta of 1.63. The company’s 50-day moving average is $3.69 and its 200-day moving average is $3.19. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

Insider Buying and Selling at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of the firm’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 transaction, the executive vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price 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 $4,203,360.70. This represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

DDD has been the topic of a number of research analyst reports. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Friday. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, 3D Systems 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.