Capital World Investors Buys New Shares in 3D Systems Corporation $DDD

Capital World Investors purchased a new stake in 3D Systems Corporation (NYSE:DDD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,208,333 shares of the 3D printing company’s stock, valued at approximately $15,104,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ledgewood Wealth Advisors LLC boosted its stake in shares of 3D Systems by 2.8% during the 3rd quarter. Ledgewood Wealth Advisors LLC now owns 240,300 shares of the 3D printing company’s stock worth $697,000 after buying an additional 6,500 shares during the last quarter. ProShare Advisors LLC increased its position in shares of 3D Systems by 15.5% in the second quarter. ProShare Advisors LLC now owns 54,426 shares of the 3D printing company’s stock valued at $84,000 after acquiring an additional 7,300 shares during the last quarter. Prudential Financial Inc. raised its holdings in 3D Systems by 74.8% during the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 7,887 shares in the last quarter. NewEdge Advisors LLC boosted its position in 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in 3D Systems by 2.0% during the second quarter. Bank of America Corp DE now owns 659,635 shares of the 3D printing company’s stock valued at $1,016,000 after purchasing an additional 13,236 shares during the last quarter. 64.49% of the stock is owned by institutional investors.

3D Systems Stock Performance

NYSE:DDD opened at $2.39 on Friday. The stock has a 50 day simple moving average of $2.26 and a 200 day simple moving average of $2.36. The stock has a market cap of $349.11 million, a P/E ratio of -239,000.00 and a beta of 2.39. 3D Systems Corporation has a 1-year low of $1.32 and a 1-year high of $3.80. The company has a current ratio of 2.87, a quick ratio of 1.73 and a debt-to-equity ratio of 0.36.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Monday, March 9th. The 3D printing company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). 3D Systems had a negative return on equity of 34.60% and a net margin of 7.72%.The firm had revenue of $106.30 million for the quarter, compared to the consensus estimate of $97.99 million. Research analysts anticipate that 3D Systems Corporation will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a research report on Monday, December 29th. Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a report on Tuesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 3D Systems has a consensus rating of “Hold” and a consensus target price of $5.00.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.