Nikko Asset Management Americas Inc. boosted its holdings in shares of ExOne Co (NASDAQ:XONE) by 32,447.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 708,874 shares of the industrial products company’s stock after buying an additional 706,696 shares during the quarter. Nikko Asset Management Americas Inc. owned approximately 4.33% of ExOne worth $6,607,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its position in ExOne by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 150,377 shares of the industrial products company’s stock worth $996,000 after buying an additional 4,659 shares during the last quarter. ARK Investment Management LLC increased its position in ExOne by 9.7% during the first quarter. ARK Investment Management LLC now owns 2,171,191 shares of the industrial products company’s stock worth $18,433,000 after buying an additional 192,374 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in ExOne during the fourth quarter worth approximately $724,000. Dimensional Fund Advisors LP increased its position in ExOne by 34.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 84,105 shares of the industrial products company’s stock worth $557,000 after buying an additional 21,529 shares during the last quarter. Finally, Millennium Management LLC increased its position in ExOne by 174.0% during the fourth quarter. Millennium Management LLC now owns 99,031 shares of the industrial products company’s stock worth $656,000 after buying an additional 62,894 shares during the last quarter. 34.91% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on XONE shares. Canaccord Genuity lowered their price target on ExOne from $12.00 to $10.50 and set a “buy” rating on the stock in a research report on Thursday. Zacks Investment Research downgraded ExOne from a “buy” rating to a “hold” rating and set a $9.25 target price on the stock. in a research report on Saturday, July 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. ExOne presently has a consensus rating of “Hold” and an average target price of $10.58.
Shares of ExOne stock traded down $0.08 on Friday, hitting $6.82. The stock had a trading volume of 100,538 shares, compared to its average volume of 79,513. ExOne Co has a twelve month low of $5.73 and a twelve month high of $11.73. The company has a 50 day moving average price of $8.08. The company has a current ratio of 2.24, a quick ratio of 1.04 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $120.37 million, a PE ratio of -8.74 and a beta of 3.46.
ExOne (NASDAQ:XONE) last posted its earnings results on Wednesday, August 7th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.01). ExOne had a negative net margin of 9.78% and a negative return on equity of 10.81%. The firm had revenue of $15.28 million during the quarter, compared to analyst estimates of $15.50 million. On average, equities research analysts expect that ExOne Co will post -0.23 EPS for the current year.
ExOne Company Profile
The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers primarily in North America, Europe, and Asia. The company manufactures and sells 3D printing machines that serves direct and indirect applications, including components and tools to produce a component; and offers pre-production collaboration and print products for customers.
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