American Century Companies Inc. lifted its stake in 3D Systems Co. (NYSE:DDD) by 67.4% during the second quarter, HoldingsChannel reports. The fund owned 12,840 shares of the 3D printing company’s stock after purchasing an additional 5,169 shares during the quarter. American Century Companies Inc.’s holdings in 3D Systems were worth $513,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of 3D Systems by 6.8% in the first quarter. Ameriprise Financial Inc. now owns 565,921 shares of the 3D printing company’s stock worth $15,528,000 after acquiring an additional 36,018 shares during the last quarter. LA Financiere DE L Echiquier acquired a new position in shares of 3D Systems in the second quarter worth $1,802,000. GWM Advisors LLC increased its stake in shares of 3D Systems by 18.0% in the second quarter. GWM Advisors LLC now owns 35,872 shares of the 3D printing company’s stock worth $1,434,000 after acquiring an additional 5,469 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of 3D Systems by 27.0% in the first quarter. Victory Capital Management Inc. now owns 21,394 shares of the 3D printing company’s stock worth $587,000 after acquiring an additional 4,549 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of 3D Systems by 2.2% in the second quarter. Alliancebernstein L.P. now owns 198,675 shares of the 3D printing company’s stock worth $7,941,000 after acquiring an additional 4,208 shares during the last quarter. 66.51% of the stock is currently owned by institutional investors and hedge funds.
DDD has been the topic of a number of research reports. TheStreet raised shares of 3D Systems from a “d+” rating to a “c” rating in a research note on Thursday, June 24th. Loop Capital increased their target price on shares of 3D Systems from $24.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, August 13th. Finally, Craig Hallum downgraded shares of 3D Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.86.
3D Systems (NYSE:DDD) last released its quarterly earnings results on Sunday, August 8th. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. 3D Systems had a negative net margin of 9.27% and a negative return on equity of 0.33%. The company had revenue of $162.60 million during the quarter, compared to analysts’ expectations of $143.28 million. During the same period in the prior year, the company earned ($0.13) earnings per share. The business’s quarterly revenue was up 45.0% compared to the same quarter last year. On average, equities analysts forecast that 3D Systems Co. will post 0.18 earnings per share for the current fiscal year.
In related news, CEO Jeffrey A. Graves bought 4,260 shares of 3D Systems stock in a transaction that occurred on Monday, August 16th. The stock was acquired at an average price of $29.37 per share, for a total transaction of $125,116.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Martin Johnson sold 4,000 shares of the stock in a transaction dated Thursday, August 26th. The shares were sold at an average price of $29.41, for a total transaction of $117,640.00. Following the completion of the sale, the executive vice president now owns 203,988 shares of the company’s stock, valued at approximately $5,999,287.08. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $373,640 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.
3D Systems Profile
3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.
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