Creative Planning Acquires Shares of 14,974 3D Systems Co. (NYSE:DDD)

Creative Planning acquired a new stake in 3D Systems Co. (NYSE:DDD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,974 shares of the 3D printing company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC grew its holdings in shares of 3D Systems by 33.7% during the 3rd quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock worth $43,000 after purchasing an additional 3,818 shares in the last quarter. Silverberg Bernstein Capital Management LLC grew its holdings in shares of 3D Systems by 32.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after purchasing an additional 302,484 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of 3D Systems by 23.8% during the 3rd quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock worth $130,000 after purchasing an additional 8,769 shares in the last quarter. Algert Global LLC acquired a new stake in shares of 3D Systems during the 2nd quarter worth $41,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of 3D Systems during the 2nd quarter worth $824,000. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Price Performance

3D Systems stock opened at $3.43 on Thursday. The company has a current ratio of 3.46, a quick ratio of 2.42 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $458.15 million, a PE ratio of -1.26 and a beta of 1.65. 3D Systems Co. has a 12 month low of $1.72 and a 12 month high of $6.85. The stock has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $3.16.

3D Systems (NYSE:DDD) last posted its earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $113.25 million during the quarter, compared to the consensus estimate of $125.15 million. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. Analysts expect that 3D Systems Co. will post -0.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DDD shares. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Cantor Fitzgerald dropped their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research report on Friday, August 30th. Loop Capital dropped their price objective on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Lake Street Capital dropped their price objective on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.