Wealthfront Advisers LLC Takes $57,000 Position in 3D Systems Co. (NYSE:DDD)

Wealthfront Advisers LLC acquired a new stake in shares of 3D Systems Co. (NYSE:DDD) in the fourth quarter, HoldingsChannel reports. The fund acquired 17,230 shares of the 3D printing company’s stock, valued at approximately $57,000.

A number of other hedge funds have also recently bought and sold shares of DDD. ARK Investment Management LLC grew its stake in 3D Systems by 13.8% during the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after purchasing an additional 535,287 shares in the last quarter. Walleye Capital LLC grew its position in shares of 3D Systems by 3,140.9% in the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock worth $1,445,000 after acquiring an additional 525,688 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of 3D Systems in the 3rd quarter worth approximately $1,143,000. XTX Topco Ltd grew its position in shares of 3D Systems by 1,844.0% in the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after acquiring an additional 341,308 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 3D Systems by 17.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock worth $3,913,000 after acquiring an additional 178,102 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DDD. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Friday, March 7th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Trading Down 3.5 %

Shares of NYSE DDD opened at $2.65 on Wednesday. The company has a market cap of $358.71 million, a price-to-earnings ratio of -0.66 and a beta of 1.63. 3D Systems Co. has a 12-month low of $1.72 and a 12-month high of $5.00. 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 stock’s 50 day simple moving average is $3.59 and its 200 day simple moving average is $3.21.

3D Systems Company 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.