Bank of New York Mellon Corp Sells 8,961 Shares of 3D Systems Co. (NYSE:DDD)

Bank of New York Mellon Corp lowered its holdings 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 firm owned 991,976 shares of the 3D printing company’s stock after selling 8,961 shares during the period. Bank of New York Mellon Corp owned approximately 0.74% of 3D Systems worth $3,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DDD. Vanguard Group Inc. increased its position in 3D Systems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock valued at $63,127,000 after acquiring an additional 98,797 shares during the period. Tidal Investments LLC bought a new position in shares of 3D Systems in the first quarter valued at $271,000. Gabelli Funds LLC lifted its stake in shares of 3D Systems by 53.6% in the first quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company’s stock valued at $273,000 after buying an additional 21,435 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of 3D Systems by 5,994.9% in the fourth quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock valued at $30,000 after buying an additional 4,676 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of 3D Systems by 16.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock valued at $165,000 after purchasing an additional 3,652 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

3D Systems Trading Up 6.9 %

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

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DDD shares. Lake Street Capital decreased their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Friday, August 30th. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Cantor Fitzgerald decreased 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. Finally, Loop Capital reduced their price objective on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.25.

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.