WINTON GROUP Ltd Invests $9.68 Million in 3D Systems Co. (DDD)

WINTON GROUP Ltd bought a new position in shares of 3D Systems Co. (NYSE:DDD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 512,107 shares of the 3D printing company’s stock, valued at approximately $9,679,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of 3D Systems by 8.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 64,431 shares of the 3D printing company’s stock worth $1,218,000 after acquiring an additional 5,152 shares during the last quarter. IFP Advisors Inc raised its position in shares of 3D Systems by 19.1% during the third quarter. IFP Advisors Inc now owns 38,997 shares of the 3D printing company’s stock worth $737,000 after acquiring an additional 6,260 shares during the last quarter. Alps Advisors Inc. raised its position in shares of 3D Systems by 32.2% during the third quarter. Alps Advisors Inc. now owns 28,127 shares of the 3D printing company’s stock worth $532,000 after acquiring an additional 6,846 shares during the last quarter. Parallel Advisors LLC raised its position in shares of 3D Systems by 49.6% during the third quarter. Parallel Advisors LLC now owns 21,966 shares of the 3D printing company’s stock worth $415,000 after acquiring an additional 7,283 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of 3D Systems by 1.6% during the first quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock worth $5,719,000 after acquiring an additional 7,565 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

In other 3D Systems news, COO Kevin Mcalea sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $21.21, for a total value of $424,200.00. Following the completion of the transaction, the chief operating officer now directly owns 250,257 shares of the company’s stock, valued at $5,307,950.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Martin Johnson sold 4,200 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $17.95, for a total value of $75,390.00. Following the completion of the transaction, the executive vice president now directly owns 213,025 shares of the company’s stock, valued at $3,823,798.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,400 shares of company stock valued at $669,400. 5.00% of the stock is owned by insiders.

Shares of 3D Systems stock opened at $12.80 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. 3D Systems Co. has a 12 month low of $7.92 and a 12 month high of $21.78. The firm has a market cap of $1.54 billion, a P/E ratio of -22.46 and a beta of 1.97.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Tuesday, October 30th. The 3D printing company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). 3D Systems had a negative return on equity of 5.12% and a negative net margin of 7.53%. The company had revenue of $164.50 million for the quarter, compared to analyst estimates of $171.82 million. During the same period last year, the firm earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts anticipate that 3D Systems Co. will post -0.13 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on DDD. Piper Jaffray Companies restated a “sell” rating and set a $14.00 target price on shares of 3D Systems in a research report on Wednesday, August 8th. Canaccord Genuity restated a “hold” rating and set a $13.00 target price (up previously from $11.00) on shares of 3D Systems in a research report on Wednesday, August 8th. B. Riley boosted their target price on 3D Systems from $7.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, August 8th. Susquehanna Bancshares set a $16.00 target price on 3D Systems and gave the stock a “hold” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research downgraded 3D Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.74.

ILLEGAL ACTIVITY WARNING: This news story was reported by WKRB News and is the property of of WKRB News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.wkrb13.com/2018/11/10/winton-group-ltd-invests-9-68-million-in-3d-systems-co-ddd.html.

3D Systems Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

Read More: What is the Rule of 72?

Want to see what other hedge funds are holding DDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 3D Systems Co. (NYSE:DDD).

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

Receive News & Ratings for 3D Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply