Bank of New York Mellon Corp Sells 30,223 Shares of 3D Systems Co. (NYSE:DDD)

Bank of New York Mellon Corp lowered its holdings in 3D Systems Co. (NYSE:DDD) by 7.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 371,563 shares of the 3D printing company’s stock after selling 30,223 shares during the period. Bank of New York Mellon Corp’s holdings in 3D Systems were worth $1,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in shares of 3D Systems by 6.4% during the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after purchasing an additional 3,166 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of 3D Systems by 2.2% during the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock worth $680,000 after acquiring an additional 4,451 shares during the period. BNP Paribas Financial Markets raised 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 acquiring an additional 5,884 shares in the last quarter. Impact Partnership Wealth LLC grew its stake in 3D Systems by 31.3% in the fourth quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock worth $91,000 after purchasing an additional 6,615 shares during the period. Finally, Blue Trust Inc. lifted its position in 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after buying an additional 8,050 shares during the period. Institutional investors own 64.49% of the company’s stock.

3D Systems Stock Up 7.9 %

DDD stock opened at $2.79 on Tuesday. The stock has a market capitalization of $377.70 million, a P/E ratio of -0.70 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems Co. has a 1-year low of $1.72 and a 1-year high of $5.00. The business has a fifty day moving average price of $3.54 and a 200-day moving average price of $3.23.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DDD. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, March 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, 3D Systems currently 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.