HighTower Advisors LLC Acquires Shares of 11,244 3D Systems Co. (NYSE:DDD)

HighTower Advisors LLC bought a new position in 3D Systems Co. (NYSE:DDD) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 11,244 shares of the 3D printing company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DDD. Paloma Partners Management Co grew its stake in shares of 3D Systems by 361.2% during the third quarter. Paloma Partners Management Co now owns 94,537 shares of the 3D printing company’s stock valued at $268,000 after buying an additional 74,037 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in 3D Systems in the third quarter worth about $166,000. Verition Fund Management LLC bought a new position in shares of 3D Systems during the third quarter valued at approximately $91,000. Walleye Capital LLC increased its holdings in shares of 3D Systems by 3,140.9% in the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock valued at $1,445,000 after acquiring an additional 525,688 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 3D Systems by 30.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,342 shares of the 3D printing company’s stock worth $140,000 after purchasing an additional 11,616 shares in the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Trading Down 2.5 %

Shares of NYSE:DDD opened at $3.47 on Friday. The firm has a market capitalization of $470.60 million, a price-to-earnings ratio of -0.87 and a beta of 1.64. The business’s 50 day moving average price is $3.25 and its 200-day moving average price is $3.07. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems Co. has a 1 year low of $1.72 and a 1 year high of $6.83.

Wall Street Analyst Weigh In

DDD has been the subject of several analyst reports. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. Loop Capital lowered their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Thursday, December 12th. Cantor Fitzgerald lowered their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.25.

Insider Buying and Selling at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares in the company, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey A. Graves bought 60,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,091,782 shares in the company, valued at $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

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.