Bank of Montreal Can increased its position in 3D Systems Co. (NYSE:DDD) by 138.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,238 shares of the 3D printing company’s stock after purchasing an additional 59,905 shares during the period. Bank of Montreal Can’s holdings in 3D Systems were worth $4,042,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Citigroup Inc. grew its stake in 3D Systems by 12.3% in the second quarter. Citigroup Inc. now owns 101,651 shares of the 3D printing company’s stock worth $4,063,000 after purchasing an additional 11,166 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in 3D Systems by 6.8% in the first quarter. Ameriprise Financial Inc. now owns 565,921 shares of the 3D printing company’s stock valued at $15,528,000 after acquiring an additional 36,018 shares during the period. Fifth Third Bancorp boosted its stake in 3D Systems by 4,000.0% in the second quarter. Fifth Third Bancorp now owns 2,050 shares of the 3D printing company’s stock valued at $82,000 after acquiring an additional 2,000 shares during the period. Spinnaker Trust acquired a new position in 3D Systems in the second quarter valued at approximately $204,000. Finally, LA Financiere DE L Echiquier acquired a new position in 3D Systems in the second quarter valued at approximately $1,802,000. Institutional investors and hedge funds own 66.51% of the company’s stock.
A number of equities analysts have commented on the company. Loop Capital lifted their target price on 3D Systems from $24.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, August 13th. Craig Hallum downgraded 3D Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 10th. Finally, TheStreet upgraded 3D Systems from a “d+” rating to a “c” rating in a research note on Thursday, June 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, 3D Systems currently has an average rating of “Hold” and a consensus price target of $26.86.
DDD opened at $27.01 on Thursday. The business’s 50 day moving average is $29.33 and its 200-day moving average is $27.99. The stock has a market cap of $3.38 billion, a PE ratio of -55.12, a price-to-earnings-growth ratio of 3.40 and a beta of 1.16. 3D Systems Co. has a twelve month low of $5.56 and a twelve month high of $56.50.
3D Systems (NYSE:DDD) last released its quarterly earnings results on Sunday, August 8th. The 3D printing company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. 3D Systems had a negative return on equity of 0.33% and a negative net margin of 9.27%. The company had revenue of $162.60 million for the quarter, compared to analysts’ expectations of $143.28 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The business’s revenue for the quarter was up 45.0% compared to the same quarter last year. On average, equities analysts forecast that 3D Systems Co. will post 0.18 earnings per share for the current fiscal year.
3D Systems Company Profile
3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.
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