Prosperity Wealth Management Inc. Buys New Holdings in 3D Systems Co. (NYSE:DDD)

Prosperity Wealth Management Inc. acquired a new position in 3D Systems Co. (NYSE:DDD) during the fourth quarter, HoldingsChannel reports. The firm acquired 30,630 shares of the 3D printing company’s stock, valued at approximately $195,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC increased its stake in 3D Systems by 4,942.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,152,250 shares of the 3D printing company’s stock worth $19,220,000 after buying an additional 1,129,400 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 3D Systems by 76.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,195,774 shares of the 3D printing company’s stock worth $23,536,000 after buying an additional 954,307 shares during the last quarter. Norges Bank acquired a new stake in 3D Systems in the fourth quarter valued at $6,575,000. Federated Hermes Inc. boosted its stake in 3D Systems by 123.0% during the 1st quarter. Federated Hermes Inc. now owns 1,604,186 shares of the 3D printing company’s stock valued at $26,758,000 after acquiring an additional 884,823 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC bought a new stake in shares of 3D Systems in the 4th quarter worth about $4,684,000. 64.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on DDD shares. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd. Cantor Fitzgerald started coverage on shares of 3D Systems in a research report on Tuesday, February 13th. They issued an “overweight” rating and a $8.50 price target on the stock.

3D Systems Stock Down 2.6 %

3D Systems stock opened at $3.39 on Thursday. The firm has a market capitalization of $452.33 million, a P/E ratio of -1.19 and a beta of 1.75. The company has a 50-day simple moving average of $4.54 and a 200-day simple moving average of $4.85. 3D Systems Co. has a one year low of $3.38 and a one year high of $11.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.24 and a current ratio of 4.30.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The firm had revenue of $114.85 million during the quarter, compared to analyst estimates of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. As a group, equities analysts expect that 3D Systems Co. will post -0.25 earnings per share for the current year.

3D Systems Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.