Parallel Advisors LLC reduced its holdings in shares of 3D Systems Co. (NYSE:DDD) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,566 shares of the 3D printing company’s stock after selling 5,400 shares during the period. Parallel Advisors LLC’s holdings in 3D Systems were worth $168,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of 3D Systems by 42.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,177 shares of the 3D printing company’s stock worth $32,000 after acquiring an additional 942 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of 3D Systems during the 4th quarter worth approximately $84,000. LS Investment Advisors LLC lifted its stake in shares of 3D Systems by 194.9% during the 4th quarter. LS Investment Advisors LLC now owns 9,771 shares of the 3D printing company’s stock worth $99,000 after acquiring an additional 6,458 shares during the last quarter. Caption Management LLC bought a new stake in shares of 3D Systems during the 4th quarter worth approximately $101,000. Finally, Pinnacle Associates Ltd. bought a new stake in shares of 3D Systems during the 4th quarter worth approximately $107,000. 71.71% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DDD opened at $13.68 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.50. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -24.00 and a beta of 1.91. 3D Systems Co. has a twelve month low of $9.00 and a twelve month high of $21.78.

A number of equities research analysts recently issued reports on DDD shares. Piper Jaffray Companies raised 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 price target for the company in a research note on Tuesday, January 29th. Loop Capital decreased their target price on 3D Systems to $14.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Gabelli lowered 3D Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, ValuEngine lowered 3D Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.89.

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About 3D Systems

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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