ARK Investment Management LLC Acquires 535,287 Shares of 3D Systems Co. (NYSE:DDD)

ARK Investment Management LLC increased its holdings in 3D Systems Co. (NYSE:DDD) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,413,915 shares of the 3D printing company’s stock after acquiring an additional 535,287 shares during the period. ARK Investment Management LLC owned about 3.25% of 3D Systems worth $14,478,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Weiss Asset Management LP bought a new position in 3D Systems during the third quarter valued at $1,143,000. XTX Topco Ltd grew its holdings in 3D Systems by 1,844.0% during the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after purchasing an additional 341,308 shares during the period. Barclays PLC grew its holdings in 3D Systems by 260.1% during the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock valued at $589,000 after purchasing an additional 149,793 shares during the period. Geode Capital Management LLC grew its holdings in 3D Systems by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after purchasing an additional 38,431 shares during the period. Finally, Inspire Investing LLC grew its holdings in 3D Systems by 822.7% during the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock valued at $458,000 after purchasing an additional 124,547 shares during the period. 64.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey A. Graves acquired 60,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now owns 331,955 shares in the company, valued at $1,281,346.30. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

3D Systems Price Performance

3D Systems stock opened at $3.57 on Wednesday. 3D Systems Co. has a one year low of $1.72 and a one year high of $5.34. The business has a fifty day moving average price of $3.72 and a 200-day moving average price of $3.16. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The firm has a market capitalization of $483.49 million, a P/E ratio of -0.90 and a beta of 1.63.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, equities research analysts forecast that 3D Systems Co. will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Wednesday, February 19th. Craig Hallum raised 3D Systems to a “hold” rating in a report on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, 3D Systems currently has an average rating of “Hold” and an average target price of $3.25.

3D Systems Company 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.