Wall Street Access Asset Management Lowers stake in 3D Systems Corporation (DDD)

3D Systems Corporation (DDD) : Wall Street Access Asset Management reduced its stake in 3D Systems Corporation by 0.25% during the most recent quarter end. The investment management company now holds a total of 361,894 shares of 3D Systems Corporation which is valued at $4,762,525 after selling 920 shares in 3D Systems Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.3D Systems Corporation makes up approximately 2.67% of Wall Street Access Asset Management’s portfolio.

3D Systems Corporation closed down -0.42 points or -3.09% at $13.16 with 56,14,156 shares getting traded on Friday. Post opening the session at $13.18, the shares hit an intraday low of $12.67 and an intraday high of $13.92 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Ifp Advisors Inc boosted its stake in DDD in the latest quarter, The investment management firm added 2,366 additional shares and now holds a total of 29,488 shares of 3D Systems Corporation which is valued at $388,062. 3D Systems Corporation makes up approx 0.02% of Ifp Advisors Inc’s portfolio.

On the company’s financial health, 3D Systems Corporation reported $0.05 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $0.05. The company had revenue of $152.60 million for the quarter, compared to analysts expectations of $155.39 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on 3D Systems Corporation. 3D Systems Corporation was Downgraded by Needham to ” Hold” on Apr 26, 2016. 3D Systems Corporation was Downgraded by Citigroup to ” Sell” on Apr 15, 2016. 3D Systems Corporation was Upgraded by BofA/Merrill to ” Buy” on Apr 14, 2016.

3D Systems Corporation is a holding company. The Company is a provider of three-dimensional (3D) printing centric solutions. It provides 3D design-to-manufacturing solutions including 3D printers print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end simulation training and planning and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. It also provides software and haptic and perceptual devices for design including 3D digital design scan-to-computer-aided design (CAD) scan-to-print reverse engineering inspection sculpting and medical modeling and simulation applications. For its healthcare customers it also offers virtual surgical planning and medical modeling services digitizing scanners and simulation products. The Company operates in the Americas Europe the Middle East and the Asia Pacific regions.

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