Victory Capital Management Inc. Sells 5,916 Shares of 3D Systems Co. (NYSE:DDD)

Victory Capital Management Inc. decreased its holdings in shares of 3D Systems Co. (NYSE:DDD) by 23.5% in the third quarter, Holdings Channel.com reports. The firm owned 19,283 shares of the 3D printing company’s stock after selling 5,916 shares during the period. Victory Capital Management Inc.’s holdings in 3D Systems were worth $55,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ARK Investment Management LLC grew its stake in shares of 3D Systems by 26.0% in the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after buying an additional 799,157 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its holdings in shares of 3D Systems by 32.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock valued at $3,475,000 after acquiring an additional 302,484 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in 3D Systems in the 2nd quarter worth about $824,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in 3D Systems by 13.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock valued at $2,821,000 after purchasing an additional 116,158 shares during the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Price Performance

Shares of DDD opened at $2.97 on Monday. The firm has a market cap of $402.79 million, a PE ratio of -0.75 and a beta of 1.65. 3D Systems Co. has a 1-year low of $1.72 and a 1-year high of $6.85. The company has a current ratio of 3.31, a quick ratio of 2.42 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $3.04 and a two-hundred day simple moving average of $3.11.

3D Systems (NYSE:DDD) last posted its earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The firm had revenue of $113.25 million during the quarter, compared to the consensus estimate of $125.15 million. 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. On average, equities analysts anticipate that 3D Systems Co. will post -0.67 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on DDD. Loop Capital decreased their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Lake Street Capital lowered their price objective on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald reduced their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a report on Friday, August 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Friday. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.25.

3D Systems 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.