Penn Capital Management Company LLC Has $2.29 Million Stock Position in 3D Systems Corporation $DDD

Penn Capital Management Company LLC lifted its holdings in shares of 3D Systems Corporation (NYSE:DDD) by 992.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,292,379 shares of the 3D printing company’s stock after buying an additional 1,174,038 shares during the period. Penn Capital Management Company LLC’s holdings in 3D Systems were worth $2,288,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Capital World Investors acquired a new position in shares of 3D Systems during the 3rd quarter worth $15,104,000. Geode Capital Management LLC increased its stake in shares of 3D Systems by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock worth $4,876,000 after purchasing an additional 105,500 shares during the last quarter. Icon Advisers Inc. Co. increased its stake in shares of 3D Systems by 23.8% during the 3rd quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock worth $7,540,000 after purchasing an additional 500,000 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in shares of 3D Systems by 10.0% during the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 2,572,629 shares of the 3D printing company’s stock worth $4,554,000 after purchasing an additional 233,659 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of 3D Systems by 83.1% during the 4th quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company’s stock worth $3,749,000 after purchasing an additional 961,166 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Performance

NYSE:DDD opened at $3.51 on Wednesday. 3D Systems Corporation has a 1 year low of $1.32 and a 1 year high of $3.80. The firm’s fifty day simple moving average is $2.34 and its 200 day simple moving average is $2.21. The company has a current ratio of 2.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $515.79 million, a PE ratio of 14.04 and a beta of 2.58.

3D Systems (NYSE:DDD) last posted its earnings results on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%. The business had revenue of $95.50 million for the quarter, compared to analyst estimates of $92.39 million. On average, sell-side analysts anticipate that 3D Systems Corporation will post -0.39 EPS for the current year.

Analyst Upgrades and Downgrades

DDD has been the topic of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of 3D Systems in a research note on Friday, March 27th. Leerink Partners restated an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price target on shares of 3D Systems in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, 3D Systems presently has an average rating of “Hold” and a consensus target price of $5.00.

3D Systems Company Profile

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.