Municipal Employees Retirement System of Michigan reduced its stake in shares of 3D Systems Corporation (NYSE:DDD) by 14.5% during the second quarter, Holdings Channel reports. The fund owned 41,730 shares of the 3D printing company’s stock after selling 7,090 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in 3D Systems Corporation were worth $780,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Strs Ohio acquired a new position in shares of 3D Systems Corporation during the second quarter valued at $115,000. LS Investment Advisors LLC boosted its position in shares of 3D Systems Corporation by 20.0% in the second quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after buying an additional 1,452 shares during the last quarter. Concourse Capital Management LLC acquired a new position in shares of 3D Systems Corporation during the first quarter valued at $177,000. Advantus Capital Management Inc boosted its position in shares of 3D Systems Corporation by 3.8% in the first quarter. Advantus Capital Management Inc now owns 13,764 shares of the 3D printing company’s stock valued at $206,000 after buying an additional 498 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of 3D Systems Corporation by 15.9% in the first quarter. Parallel Advisors LLC now owns 14,634 shares of the 3D printing company’s stock valued at $243,000 after buying an additional 2,013 shares during the last quarter. 55.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of 3D Systems Corporation (DDD) opened at 12.78 on Tuesday. 3D Systems Corporation has a 12-month low of $12.34 and a 12-month high of $23.70. The company has a 50 day moving average of $17.00 and a 200-day moving average of $17.32. The company’s market cap is $1.45 billion.

3D Systems Corporation (NYSE:DDD) last issued its quarterly earnings data on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.04. The company had revenue of $159.47 million for the quarter, compared to the consensus estimate of $163.01 million. 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS. Equities research analysts anticipate that 3D Systems Corporation will post $0.44 earnings per share for the current year.

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Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Loop Capital reaffirmed a “hold” rating and issued a $15.00 price target on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. BidaskClub cut shares of 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $15.00 price target (down previously from $16.00) on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co raised shares of 3D Systems Corporation from an “underweight” rating to a “neutral” rating and set a $13.00 price target on the stock in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.00.

In related news, COO Kevin Mcalea sold 17,500 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $20.63, for a total transaction of $361,025.00. Following the transaction, the chief operating officer now owns 276,074 shares in the company, valued at $5,695,406.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vyomesh Joshi acquired 15,400 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average price of $12.96 per share, for a total transaction of $199,584.00. Following the transaction, the insider now owns 165,400 shares of the company’s stock, valued at $2,143,584. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 102,500 shares of company stock worth $2,221,425. 5.00% of the stock is owned by insiders.

About 3D Systems Corporation

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

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