UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 22,207 Shares of 3D Systems Co. (NYSE:DDD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of 3D Systems Co. (NYSE:DDD) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,514 shares of the 3D printing company’s stock after selling 22,207 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of 3D Systems worth $782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of 3D Systems by 85.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares during the last quarter. ARK Investment Management LLC lifted its position in shares of 3D Systems by 6.4% in the 2nd quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock worth $9,454,000 after purchasing an additional 185,347 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of 3D Systems in the 2nd quarter valued at $38,000. Wealth Effects LLC increased its position in shares of 3D Systems by 54.0% during the second quarter. Wealth Effects LLC now owns 227,900 shares of the 3D printing company’s stock worth $700,000 after buying an additional 79,870 shares during the period. Finally, Foundations Investment Advisors LLC bought a new position in 3D Systems during the second quarter worth $37,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Charles W. Hull sold 115,971 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares in the company, valued at $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Graves bought 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the transaction, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. The trade was a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

3D Systems Trading Down 0.8 %

Shares of 3D Systems stock opened at $3.55 on Friday. The stock has a market capitalization of $481.45 million, a PE ratio of -0.89 and a beta of 1.64. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $6.85. The stock has a 50 day moving average price of $3.20 and a two-hundred day moving average price of $3.09. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Analysts Set New Price Targets

DDD has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Loop Capital decreased their target price 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. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. Lake Street Capital lowered their price objective on shares of 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, Cantor Fitzgerald cut their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, 3D Systems currently has an average rating of “Hold” and an average price target of $3.25.

3D Systems 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.