3D Systems Corporation $DDD Stock Position Raised by Penn Capital Management Company LLC

Penn Capital Management Company LLC lifted its position in 3D Systems Corporation (NYSE:DDD) by 992.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,292,379 shares of the 3D printing company’s stock after acquiring an additional 1,174,038 shares during the quarter. Penn Capital Management Company LLC owned approximately 1.00% of 3D Systems worth $2,288,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DDD. Capital World Investors purchased a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $15,104,000. UBS Group AG lifted its position in shares of 3D Systems by 83.1% in the 4th quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company’s stock valued at $3,749,000 after acquiring an additional 961,166 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of 3D Systems by 80.0% in the 3rd quarter. Two Sigma Investments LP now owns 1,836,053 shares of the 3D printing company’s stock valued at $5,325,000 after acquiring an additional 816,239 shares in the last quarter. Icon Advisers Inc. Co. lifted its position in shares of 3D Systems by 23.8% in the 3rd quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock valued at $7,540,000 after acquiring an additional 500,000 shares in the last quarter. Finally, Lido Advisors LLC purchased a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $977,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DDD. Weiss Ratings restated a “sell (d)” rating on shares of 3D Systems in a research report on Friday, March 27th. Leerink Partners restated an “outperform” rating on shares of 3D Systems in a research report on Tuesday, March 10th. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price objective on shares of 3D Systems in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.00.

3D Systems Stock Up 11.4%

3D Systems stock opened at $3.51 on Wednesday. The firm has a market cap of $515.79 million, a PE ratio of 14.04 and a beta of 2.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.73 and a current ratio of 2.76. The firm’s 50 day moving average price is $2.34 and its two-hundred day moving average price is $2.21. 3D Systems Corporation has a twelve month low of $1.32 and a twelve month high of $3.80.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.08. The firm had revenue of $95.50 million for the quarter, compared to analyst estimates of $92.39 million. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%. On average, research analysts predict that 3D Systems Corporation will post -0.39 EPS for the current fiscal year.

3D Systems Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.