Stoneridge Investment Partners LLC Purchases 14,946 Shares of 3D Systems Co. (DDD)

Stoneridge Investment Partners LLC increased its position in 3D Systems Co. (NYSE:DDD) by 76.9% during the fourth quarter, HoldingsChannel reports. The firm owned 34,386 shares of the 3D printing company’s stock after buying an additional 14,946 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in 3D Systems were worth $297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in 3D Systems by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after acquiring an additional 1,552 shares in the last quarter. Flinton Capital Management LLC lifted its stake in 3D Systems by 76.8% during the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after acquiring an additional 4,386 shares in the last quarter. Strategic Wealth Advisors Group LLC bought a new position in 3D Systems during the 2nd quarter valued at $220,000. Amalgamated Bank lifted its stake in 3D Systems by 6.5% during the 2nd quarter. Amalgamated Bank now owns 15,694 shares of the 3D printing company’s stock valued at $293,000 after acquiring an additional 956 shares in the last quarter. Finally, Claraphi Advisory Network LLC bought a new position in 3D Systems during the 4th quarter valued at $162,000. Institutional investors own 61.03% of the company’s stock.

In other news, Director G Walter Loewenbaum II acquired 6,430 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of $8.81 per share, with a total value of $56,648.30. Following the acquisition, the director now owns 1,013,207 shares in the company, valued at approximately $8,926,353.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders purchased 47,930 shares of company stock valued at $428,048. 5.00% of the stock is currently owned by insiders.

Several brokerages have weighed in on DDD. ValuEngine upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. B. Riley lowered 3D Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $18.00 to $7.00 in a research report on Wednesday, November 1st. Piper Jaffray Companies raised 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 target price for the company in a research report on Monday, November 20th. JPMorgan Chase & Co. decreased their target price on 3D Systems from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Finally, FBR & Co lowered 3D Systems from a “neutral” rating to a “sell” rating in a research report on Wednesday, November 1st. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. 3D Systems currently has a consensus rating of “Hold” and a consensus price target of $12.68.

Shares of 3D Systems Co. (NYSE:DDD) opened at $10.32 on Thursday. 3D Systems Co. has a 12-month low of $7.92 and a 12-month high of $23.70. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01.

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3D Systems Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)

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