Icon Advisers Inc. Co. Purchases Shares of 1,600,000 3D Systems Co. (NYSE:DDD)

Icon Advisers Inc. Co. acquired a new position in 3D Systems Co. (NYSE:DDD) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,600,000 shares of the 3D printing company’s stock, valued at approximately $5,248,000. 3D Systems accounts for about 1.2% of Icon Advisers Inc. Co.’s portfolio, making the stock its 20th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in 3D Systems by 2.2% during the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock valued at $680,000 after purchasing an additional 4,451 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in 3D Systems by 14.4% during the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock valued at $133,000 after buying an additional 5,884 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in shares of 3D Systems by 31.3% in the 4th quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock valued at $91,000 after acquiring an additional 6,615 shares in the last quarter. Inspire Advisors LLC lifted its stake in shares of 3D Systems by 10.5% in the fourth quarter. Inspire Advisors LLC now owns 72,725 shares of the 3D printing company’s stock worth $239,000 after buying an additional 6,917 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DDD. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Tuesday, April 8th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. Cantor Fitzgerald reduced their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Finally, StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.67.

3D Systems Trading Up 0.2 %

DDD stock opened at $2.04 on Monday. The business has a fifty day moving average of $3.10 and a 200-day moving average of $3.19. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company has a market cap of $275.82 million, a P/E ratio of -0.51 and a beta of 1.81. 3D Systems Co. has a twelve month low of $1.72 and a twelve month high of $5.00.

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.