Neuburgh Advisers LLC raised its stake in 3D Systems Co. (NYSE:DDD) by 16.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,380 shares of the 3D printing company’s stock after buying an additional 2,398 shares during the period. Neuburgh Advisers LLC’s holdings in 3D Systems were worth $158,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DDD. Riverhead Capital Management LLC boosted its position in 3D Systems by 16.3% during the second quarter. Riverhead Capital Management LLC now owns 26,443 shares of the 3D printing company’s stock worth $241,000 after acquiring an additional 3,700 shares during the last quarter. Pitcairn Co. boosted its holdings in shares of 3D Systems by 5.9% in the 2nd quarter. Pitcairn Co. now owns 35,779 shares of the 3D printing company’s stock valued at $326,000 after purchasing an additional 1,998 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 3D Systems by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,322,029 shares of the 3D printing company’s stock valued at $12,030,000 after purchasing an additional 4,235 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of 3D Systems by 6.8% in the 2nd quarter. LPL Financial LLC now owns 39,466 shares of the 3D printing company’s stock valued at $359,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 3D Systems by 5.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 674,957 shares of the 3D printing company’s stock valued at $6,143,000 after purchasing an additional 35,831 shares during the last quarter. 78.25% of the stock is owned by institutional investors.

Shares of DDD stock traded up $0.05 during mid-day trading on Friday, reaching $8.55. The company’s stock had a trading volume of 499,395 shares, compared to its average volume of 1,251,775. The company’s 50 day simple moving average is $7.57 and its 200-day simple moving average is $9.32. 3D Systems Co. has a 12-month low of $6.47 and a 12-month high of $20.67. The company has a quick ratio of 1.62, a current ratio of 2.36 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.02 billion, a PE ratio of -23.09 and a beta of 1.99.

3D Systems (NYSE:DDD) last issued its earnings results on Wednesday, August 7th. The 3D printing company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.07). 3D Systems had a negative net margin of 9.78% and a negative return on equity of 8.98%. The business had revenue of $157.30 million during the quarter, compared to analysts’ expectations of $160.74 million. During the same period in the prior year, the business posted $0.06 EPS. The business’s revenue was down 11.1% on a year-over-year basis. As a group, research analysts anticipate that 3D Systems Co. will post -0.39 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of 3D Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Tuesday, August 13th. B. Riley reiterated a “neutral” rating on shares of 3D Systems in a report on Thursday, August 8th. TheStreet lowered shares of 3D Systems from a “c-” rating to a “d” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. lowered shares of 3D Systems from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $8.00 to $7.00 in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.00.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)

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