3D Systems Co. (NYSE:DDD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in 3D Systems Co. (NYSE:DDD) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 991,976 shares of the 3D printing company’s stock after selling 8,961 shares during the quarter. Bank of New York Mellon Corp’s holdings in 3D Systems were worth $3,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capstone Investment Advisors LLC boosted its holdings in 3D Systems by 4.9% during the 4th quarter. Capstone Investment Advisors LLC now owns 67,561 shares of the 3D printing company’s stock valued at $429,000 after acquiring an additional 3,167 shares during the period. Victory Capital Management Inc. raised its position in shares of 3D Systems by 16.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock worth $165,000 after acquiring an additional 3,652 shares in the last quarter. Quadrant Capital Group LLC increased its position in 3D Systems by 471.7% during the fourth quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company’s stock worth $31,000 after buying an additional 3,991 shares during the period. Russell Investments Group Ltd. increased its position in 3D Systems by 5,994.9% during the fourth quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after buying an additional 4,676 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in 3D Systems by 54.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,986 shares of the 3D printing company’s stock worth $133,000 after buying an additional 7,438 shares during the period. 64.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald dropped their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Loop Capital decreased their target price 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. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Friday, August 30th. Lake Street Capital dropped their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, 3D Systems presently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Up 6.9 %

Shares of 3D Systems stock opened at $2.47 on Monday. The company has a current ratio of 3.46, a quick ratio of 2.42 and a debt-to-equity ratio of 0.55. The business’s 50 day simple moving average is $2.91 and its 200-day simple moving average is $3.51. The stock has a market capitalization of $329.92 million, a price-to-earnings ratio of -0.87 and a beta of 1.65. 3D Systems Co. has a twelve month low of $1.72 and a twelve month high of $6.85.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, August 20th. The 3D printing company reported ($0.23) earnings per share (EPS) for the quarter. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. The firm had revenue of $102.91 million for the quarter. Equities research analysts forecast that 3D Systems Co. will post -0.35 earnings per share for the current year.

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.