Advisory Services Network LLC Lowers Stock Holdings in 3D Systems Co. (NYSE:DDD)

Advisory Services Network LLC reduced its position in 3D Systems Co. (NYSE:DDD) by 78.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,094 shares of the 3D printing company’s stock after selling 45,199 shares during the quarter. Advisory Services Network LLC’s holdings in 3D Systems were worth $40,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DDD. Rhumbline Advisers lifted its holdings in shares of 3D Systems by 2.2% in 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 last quarter. Impact Partnership Wealth LLC increased its holdings in shares of 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 buying an additional 6,615 shares during the period. Inspire Advisors LLC lifted its stake in shares of 3D Systems by 10.5% in the 4th quarter. Inspire Advisors LLC now owns 72,725 shares of the 3D printing company’s stock valued at $239,000 after acquiring an additional 6,917 shares during the last quarter. Blue Trust Inc. boosted its holdings in 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after acquiring an additional 8,050 shares during the period. Finally, SG Americas Securities LLC grew its position in 3D Systems by 19.5% during the 4th quarter. SG Americas Securities LLC now owns 54,530 shares of the 3D printing company’s stock worth $179,000 after acquiring an additional 8,913 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DDD has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research note on Tuesday, April 8th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Friday, March 28th. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Friday, April 4th. Finally, Cantor Fitzgerald reduced their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.67.

3D Systems Price Performance

Shares of NYSE DDD opened at $1.86 on Friday. 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 company’s 50-day moving average is $2.84 and its 200 day moving average is $3.16. The stock has a market capitalization of $251.83 million, a P/E ratio of -0.47 and a beta of 1.81.

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.