3D Systems Corporation $DDD Stake Lifted by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. increased its stake in 3D Systems Corporation (NYSE:DDD) by 23.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,600,000 shares of the 3D printing company’s stock after buying an additional 500,000 shares during the period. 3D Systems accounts for approximately 1.7% of Icon Advisers Inc. Co.’s portfolio, making the stock its 9th largest position. Icon Advisers Inc. Co.’s holdings in 3D Systems were worth $7,540,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC increased its position in 3D Systems by 14.6% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 2,338,970 shares of the 3D printing company’s stock worth $6,783,000 after purchasing an additional 298,310 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of 3D Systems during the 2nd quarter valued at $302,000. Divisadero Street Capital Management LP purchased a new stake in shares of 3D Systems during the 2nd quarter valued at $139,000. ProShare Advisors LLC raised its position in shares of 3D Systems by 15.5% in the 2nd quarter. ProShare Advisors LLC now owns 54,426 shares of the 3D printing company’s stock worth $84,000 after buying an additional 7,300 shares during the period. Finally, ARK Investment Management LLC raised its position in shares of 3D Systems by 16.6% in the 3rd quarter. ARK Investment Management LLC now owns 1,680,520 shares of the 3D printing company’s stock worth $4,874,000 after buying an additional 239,578 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of 3D Systems in a report on Monday, December 29th. Wall Street Zen downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.75.

3D Systems Price Performance

3D Systems stock opened at $1.98 on Friday. 3D Systems Corporation has a 52-week low of $1.32 and a 52-week high of $3.80. The firm has a fifty day moving average of $2.21 and a 200-day moving average of $2.35. The firm has a market capitalization of $254.91 million, a P/E ratio of -19.80 and a beta of 2.39. The company has a quick ratio of 1.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.55.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.