Russell Investments Group Ltd. Makes New $513,000 Investment in 3D Systems Co. (NYSE:DDD)

Russell Investments Group Ltd. acquired a new position in 3D Systems Co. (NYSE:DDD) in the third quarter, HoldingsChannel reports. The institutional investor acquired 62,900 shares of the 3D printing company’s stock, valued at approximately $513,000.

A number of other institutional investors have also added to or reduced their stakes in the business. CWM LLC lifted its stake in 3D Systems by 823.5% in the second quarter. CWM LLC now owns 3,925 shares of the 3D printing company’s stock valued at $36,000 after buying an additional 3,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 3D Systems by 30.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,299 shares of the 3D printing company’s stock valued at $68,000 after buying an additional 1,949 shares during the last quarter. Captrust Financial Advisors lifted its stake in 3D Systems by 9,413.0% in the second quarter. Captrust Financial Advisors now owns 10,940 shares of the 3D printing company’s stock valued at $100,000 after buying an additional 10,825 shares during the last quarter. Meadow Creek Investment Management LLC lifted its stake in 3D Systems by 16.0% in the second quarter. Meadow Creek Investment Management LLC now owns 12,640 shares of the 3D printing company’s stock valued at $115,000 after buying an additional 1,744 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. bought a new stake in 3D Systems in the second quarter valued at $144,000. 73.50% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Andrew Martin Johnson sold 20,068 shares of 3D Systems stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $9.62, for a total transaction of $193,054.16. Following the sale, the executive vice president now directly owns 196,180 shares in the company, valued at $1,887,251.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.30% of the stock is owned by insiders.

DDD stock opened at $8.49 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.57 and a current ratio of 2.29. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -22.95 and a beta of 2.06. 3D Systems Co. has a 1 year low of $6.47 and a 1 year high of $14.50. The stock’s fifty day moving average is $8.78 and its two-hundred day moving average is $8.32.

3D Systems (NYSE:DDD) last posted its earnings results on Wednesday, October 30th. The 3D printing company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). 3D Systems had a negative net margin of 10.74% and a negative return on equity of 9.77%. The company had revenue of $155.27 million during the quarter, compared to the consensus estimate of $152.22 million. As a group, analysts predict that 3D Systems Co. will post -0.41 EPS for the current fiscal year.

A number of research firms have issued reports on DDD. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Tuesday, August 13th. B. Riley reiterated a “neutral” rating and issued a $8.00 target price on shares of 3D Systems in a research note on Friday, September 13th. ValuEngine cut 3D Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. cut 3D Systems from a “neutral” rating to an “underweight” rating and cut their target price for the company from $8.00 to $7.00 in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.33.

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.

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

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