Metropolitan Life Insurance Co. NY Reduces Holdings in 3D Systems Co. (DDD)

Metropolitan Life Insurance Co. NY lessened its stake in 3D Systems Co. (NYSE:DDD) by 40.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,858 shares of the 3D printing company’s stock after selling 25,213 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in 3D Systems were worth $523,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in 3D Systems by 8.6% in the 2nd quarter. Royce & Associates LP now owns 797,487 shares of the 3D printing company’s stock valued at $11,013,000 after buying an additional 63,000 shares during the period. Natixis increased its stake in 3D Systems by 802.8% in the 2nd quarter. Natixis now owns 191,193 shares of the 3D printing company’s stock valued at $2,640,000 after buying an additional 170,016 shares during the period. Principal Financial Group Inc. increased its stake in shares of 3D Systems by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock worth $5,719,000 after purchasing an additional 7,565 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of 3D Systems by 38.1% during the 1st quarter. Guggenheim Capital LLC now owns 143,095 shares of the 3D printing company’s stock worth $1,659,000 after purchasing an additional 39,474 shares during the last quarter. Finally, Concourse Capital Management LLC acquired a new position in shares of 3D Systems during the 2nd quarter worth $408,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

In related news, COO Kevin Mcalea sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total value of $424,200.00. Following the transaction, the chief operating officer now directly owns 250,257 shares in the company, valued at approximately $5,307,950.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Martin Johnson sold 5,000 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $19.01, for a total transaction of $95,050.00. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Shares of DDD opened at $19.08 on Thursday. 3D Systems Co. has a 12 month low of $7.92 and a 12 month high of $21.78. The company has a current ratio of 1.95, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.24 billion, a PE ratio of -33.47 and a beta of 1.69.

3D Systems (NYSE:DDD) last posted its earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. 3D Systems had a negative net margin of 11.54% and a negative return on equity of 9.22%. The business had revenue of $176.57 million for the quarter, compared to analyst estimates of $165.83 million. equities research analysts forecast that 3D Systems Co. will post -0.13 earnings per share for the current fiscal year.

Several brokerages have recently commented on DDD. Zacks Investment Research upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, August 13th. Susquehanna Bancshares set a $16.00 price target on shares of 3D Systems and gave the stock a “hold” rating in a research note on Friday, August 10th. ValuEngine upgraded shares of 3D Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 9th. B. Riley increased their price target on shares of 3D Systems from $7.00 to $9.00 and gave the stock a “sell” rating in a research note on Wednesday, August 8th. Finally, Canaccord Genuity restated a “hold” rating and set a $13.00 price target (up previously from $11.00) on shares of 3D Systems in a research note on Wednesday, August 8th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. 3D Systems has a consensus rating of “Hold” and a consensus target price of $13.49.

About 3D Systems

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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