American International Group Inc. Acquires 19,569 Shares of 3D Systems Co. (DDD)
American International Group Inc. raised its holdings in 3D Systems Co. (NYSE:DDD) by 6.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 306,119 shares of the 3D printing company’s stock after acquiring an additional 19,569 shares during the period. American International Group Inc. owned approximately 0.27% of 3D Systems worth $4,099,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of 3D Systems during the 2nd quarter worth approximately $115,000. LS Investment Advisors LLC increased its holdings in shares of 3D Systems by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock worth $163,000 after buying an additional 1,452 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of 3D Systems by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after buying an additional 1,552 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of 3D Systems by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after buying an additional 4,326 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in shares of 3D Systems by 76.8% during the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after buying an additional 4,386 shares during the last quarter. Institutional investors own 60.55% of the company’s stock.
In other news, Director G Walter Loewenbaum II acquired 40,500 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was acquired at an average price of $8.94 per share, with a total value of $362,070.00. Following the completion of the transaction, the director now directly owns 1,053,707 shares in the company, valued at approximately $9,420,140.58. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.00% of the stock is owned by corporate insiders.
3D Systems Co. (DDD) opened at $9.39 on Thursday. 3D Systems Co. has a one year low of $7.92 and a one year high of $23.70. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01.
3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $162.22 million. 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. sell-side analysts expect that 3D Systems Co. will post -0.3 earnings per share for the current year.
A number of research firms recently weighed in on DDD. KeyCorp reaffirmed a “hold” rating on shares of 3D Systems in a research report on Friday, October 6th. Loop Capital reaffirmed a “hold” rating and set a $15.00 price objective on shares of 3D Systems in a research report on Wednesday, August 9th. ValuEngine raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. B. Riley cut shares of 3D Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $18.00 to $7.00 in a research report on Wednesday, November 1st. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $15.00 price objective (down previously from $16.00) on shares of 3D Systems in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.97.
3D Systems Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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