Victory Capital Management Inc. Sells 5,916 Shares of 3D Systems Co. (NYSE:DDD)

Victory Capital Management Inc. reduced its holdings in 3D Systems Co. (NYSE:DDD) by 23.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,283 shares of the 3D printing company’s stock after selling 5,916 shares during the quarter. Victory Capital Management Inc.’s holdings in 3D Systems were worth $55,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC bought a new position in shares of 3D Systems in the second quarter worth approximately $35,000. Ballentine Partners LLC bought a new position in shares of 3D Systems in the 3rd quarter worth $36,000. Foundations Investment Advisors LLC purchased a new stake in shares of 3D Systems during the 2nd quarter valued at $37,000. Mizuho Securities Co. Ltd. bought a new stake in shares of 3D Systems during the 2nd quarter worth $38,000. Finally, Algert Global LLC purchased a new position in 3D Systems in the second quarter worth $41,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Stock Performance

NYSE:DDD opened at $2.97 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.42 and a current ratio of 3.31. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The firm has a market cap of $402.79 million, a PE ratio of -0.75 and a beta of 1.65. The business has a 50 day moving average price of $3.04 and a 200-day moving average price of $3.11.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $113.25 million for the quarter, compared to analysts’ expectations of $125.15 million. 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. Equities research analysts predict that 3D Systems Co. will post -0.67 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Loop Capital dropped their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Friday. Cantor Fitzgerald reduced their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Lake Street Capital reduced their target price on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.