Paloma Partners Management Co Buys 74,037 Shares of 3D Systems Co. (NYSE:DDD)

Paloma Partners Management Co increased its position in 3D Systems Co. (NYSE:DDD) by 361.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,537 shares of the 3D printing company’s stock after buying an additional 74,037 shares during the period. Paloma Partners Management Co owned 0.07% of 3D Systems worth $268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its holdings in shares of 3D Systems by 26.0% during 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 acquiring an additional 799,157 shares in the last quarter. Walleye Capital LLC lifted its position in 3D Systems by 3,140.9% during the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock valued at $1,445,000 after purchasing an additional 525,688 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after buying an additional 403,175 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its position in shares of 3D Systems by 32.8% during the 3rd 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 buying an additional 302,484 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of 3D Systems in the 2nd quarter valued at about $824,000. 64.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald decreased their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Loop Capital decreased their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Friday, November 29th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Lake Street Capital dropped their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Down 3.2 %

Shares of DDD opened at $2.70 on Friday. The firm has a fifty day moving average price of $3.06 and a 200-day moving average price of $3.09. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $366.17 million, a P/E ratio of -0.70 and a beta of 1.64. 3D Systems Co. has a 12-month low of $1.72 and a 12-month high of $6.85.

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.