Symmetry Peak Management LLC Takes Position in The ExOne Company (XONE)
Symmetry Peak Management LLC purchased a new position in shares of The ExOne Company (NASDAQ:XONE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the industrial products company’s stock, valued at approximately $115,000. Symmetry Peak Management LLC owned about 0.06% of The ExOne at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in XONE. Wells Fargo & Company MN increased its stake in The ExOne by 329.5% during the first quarter. Wells Fargo & Company MN now owns 16,864 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 12,938 shares during the last quarter. UBS Group AG increased its stake in The ExOne by 22.5% during the first quarter. UBS Group AG now owns 74,999 shares of the industrial products company’s stock worth $765,000 after acquiring an additional 13,775 shares during the last quarter. KCG Holdings Inc. acquired a new stake in The ExOne during the first quarter worth about $181,000. Waldron LP acquired a new stake in The ExOne during the first quarter worth about $47,721,000. Finally, Essex Investment Management Co. LLC increased its stake in The ExOne by 83.9% during the second quarter. Essex Investment Management Co. LLC now owns 149,452 shares of the industrial products company’s stock worth $1,711,000 after acquiring an additional 68,187 shares during the last quarter. Institutional investors own 25.33% of the company’s stock.
Several equities research analysts have commented on the company. Canaccord Genuity upped their price target on The ExOne from $9.50 to $11.00 and gave the stock a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research lowered The ExOne from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. FBR & Co restated a “buy” rating and set a $15.00 price target (down from $18.00) on shares of The ExOne in a research note on Monday, August 14th. Finally, ValuEngine lowered The ExOne from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued 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 an average target price of $12.25.
Shares of The ExOne Company (XONE) traded down 2.38% during midday trading on Friday, hitting $10.68. The stock had a trading volume of 43,022 shares. The ExOne Company has a 1-year low of $6.72 and a 1-year high of $15.74. The firm’s market cap is $172.26 million. The firm has a 50-day moving average price of $9.28 and a 200-day moving average price of $10.79.
The ExOne (NASDAQ:XONE) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.24). The ExOne had a negative return on equity of 22.66% and a negative net margin of 39.31%. The firm had revenue of $10.80 million for the quarter, compared to analysts’ expectations of $14.75 million. During the same quarter in the prior year, the business posted ($0.18) earnings per share. The ExOne’s revenue was down 8.5% on a year-over-year basis. On average, equities analysts anticipate that The ExOne Company will post ($1.11) EPS for the current fiscal year.
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About The ExOne
The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.
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