3D Systems Co. (NYSE:DDD) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in shares of 3D Systems Co. (NYSE:DDD) by 70.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,821 shares of the 3D printing company’s stock after selling 35,124 shares during the period. Hsbc Holdings PLC’s holdings in 3D Systems were worth $49,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DDD. ARK Investment Management LLC increased its position in shares of 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after acquiring an additional 535,287 shares during the period. Exchange Traded Concepts LLC increased its position in shares of 3D Systems by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock valued at $10,506,000 after acquiring an additional 68,530 shares during the period. Icon Advisers Inc. Co. acquired a new position in shares of 3D Systems in the 4th quarter valued at $5,248,000. Silverberg Bernstein Capital Management LLC increased its position in shares of 3D Systems by 8.2% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 1,323,709 shares of the 3D printing company’s stock valued at $4,342,000 after acquiring an additional 99,950 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 3D Systems by 17.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock valued at $3,913,000 after acquiring an additional 178,102 shares during the period. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Price Performance

NYSE:DDD opened at $2.58 on Tuesday. 3D Systems Co. has a one year low of $1.71 and a one year high of $5.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The firm has a market cap of $349.03 million, a price-to-earnings ratio of -0.65 and a beta of 1.94. The firm’s fifty day moving average is $2.21 and its two-hundred day moving average is $3.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. Cantor Fitzgerald lowered their price target on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Saturday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, 3D Systems has a consensus rating of “Hold” and an average price target of $3.67.

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.