ARK Investment Management LLC Increases Stock Position in 3D Systems Co. (NYSE:DDD)

ARK Investment Management LLC grew its position in 3D Systems Co. (NYSE:DDD) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,109,753 shares of the 3D printing company’s stock after purchasing an additional 216,637 shares during the period. ARK Investment Management LLC owned about 2.33% of 3D Systems worth $19,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of 3D Systems in the first quarter valued at about $30,000. Farther Finance Advisors LLC increased its holdings in 3D Systems by 1,585.5% during the second quarter. Farther Finance Advisors LLC now owns 2,916 shares of the 3D printing company’s stock worth $29,000 after buying an additional 2,743 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in 3D Systems by 40.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,474 shares of the 3D printing company’s stock worth $25,000 after buying an additional 1,000 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in 3D Systems by 107.6% during the third quarter. Tower Research Capital LLC TRC now owns 7,930 shares of the 3D printing company’s stock worth $39,000 after buying an additional 4,111 shares during the last quarter. Finally, Point72 Middle East FZE purchased a new stake in 3D Systems during the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Analysts Set New Price Targets

DDD has been the subject of a number of research analyst reports. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Sunday, March 3rd. Cantor Fitzgerald started coverage on shares of 3D Systems in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $8.50 target price for the company.

3D Systems Trading Up 4.9 %

DDD opened at $4.46 on Thursday. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $4.82 and a 200-day moving average price of $4.94. 3D Systems Co. has a twelve month low of $3.50 and a twelve month high of $11.09.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Tuesday, February 27th. The 3D printing company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. The firm had revenue of $114.85 million during the quarter, compared to the consensus estimate of $124.33 million. As a group, analysts predict that 3D Systems Co. will post -0.24 EPS for the current year.

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.