Silverberg Bernstein Capital Management LLC Enters 3D Systems
Silverberg Bernstein Capital Management LLC, a notable institutional investor, has made a significant move in the fourth quarter by acquiring a new stake in 3D Systems Co. (NYSE: DDD). According to the latest Form 13F filing with the SEC, Silverberg Bernstein Capital Management LLC purchased 737,563 shares of the 3D printing company’s stock, valued at approximately $4,684,000. This move marks 3D Systems as the 6th largest position in Silverberg Bernstein Capital Management LLC’s investment portfolio, accounting for about 4.5% of its total holdings.
Silverberg Bernstein & 3D Systems Acquisition – Institutional Investment Trend
Silverberg Bernstein Capital Management LLC’s acquisition is part of a broader trend of institutional investors showing interest in 3D Systems. Several other large investors have also made significant changes to their positions in DDD recently, indicating a growing confidence in the company’s potential.
Notable Investor Activity
Envestnet Asset Management Inc. boosted its position in shares of 3D Systems by 40.7% in the 1st quarter, while Bank of New York Mellon Corp raised its stake by 0.4% during the same period. Citigroup Inc. and Natixis Advisors L.P. also made notable investments in 3D Systems, highlighting the diverse range of institutional support for the company.
Brokerage Reports and Ratings
Amidst this investor activity, several brokerages have issued reports on DDD. Cantor Fitzgerald initiated coverage on 3D Systems with an “overweight” rating and a $8.50 target price, reflecting a bullish outlook on the company’s prospects. However, StockNews.com downgraded 3D Systems to a “sell” rating, signaling mixed sentiments among analysts.
Market Performance and Outlook
Shares of DDD have shown some volatility in recent trading sessions, with the stock trading at $4.5150 (+1.4607%) at the time of this publishing on Thursday, marking a slight increase from previous levels. Despite the fluctuations, 3D Systems continues to demonstrate resilience, with a market cap of $595.10 million and a diverse investor base.
Earnings Report Analysis
3D Systems last announced its earnings results on Tuesday, February 27th, reporting a loss per share of ($0.17) for the quarter, missing analysts’ consensus estimates. The company’s revenue for the quarter also fell short of expectations. Looking ahead, equities research analysts forecast a negative EPS for the current fiscal year, highlighting the challenges and opportunities facing 3D Systems in the evolving market landscape.
