Levin Capital Strategies L.P. Boosts Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Levin Capital Strategies L.P. lifted its position in shares of Stratasys Ltd. (NASDAQ:SSYS) by 64.5% in the fourth quarter, Holdings Channel reports. The firm owned 62,500 shares of the technology company’s stock after purchasing an additional 24,500 shares during the period. Levin Capital Strategies L.P.’s holdings in Stratasys were worth $892,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund grew its holdings in shares of Stratasys by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock worth $467,000 after purchasing an additional 10,747 shares during the period. RIA Advisory Group LLC purchased a new stake in shares of Stratasys during the 4th quarter worth about $33,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Stratasys by 10.8% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock worth $14,688,000 after purchasing an additional 100,000 shares during the period. RPG Investment Advisory LLC grew its holdings in shares of Stratasys by 10.1% during the 4th quarter. RPG Investment Advisory LLC now owns 422,507 shares of the technology company’s stock worth $6,033,000 after purchasing an additional 38,892 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Stratasys by 14.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,035 shares of the technology company’s stock worth $2,528,000 after acquiring an additional 22,262 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Stratasys in a research report on Tuesday, February 13th. They set an “overweight” rating and a $24.00 price target on the stock. StockNews.com assumed coverage on Stratasys in a research report on Saturday, April 27th. They set a “buy” rating on the stock.

Stratasys Stock Performance

Stratasys stock traded up $0.03 during midday trading on Thursday, hitting $9.72. 143,357 shares of the company were exchanged, compared to its average volume of 397,506. The company’s fifty day moving average price is $11.25 and its 200-day moving average price is $11.98. Stratasys Ltd. has a fifty-two week low of $9.43 and a fifty-two week high of $21.72.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Stratasys had a negative return on equity of 2.28% and a negative net margin of 19.61%. The company had revenue of $156.34 million for the quarter, compared to analyst estimates of $153.96 million. During the same period in the prior year, the company posted ($0.03) EPS. Stratasys’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Stratasys Ltd. will post -0.29 EPS for the current fiscal year.

About Stratasys

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.