Proto Labs Inc (NYSE:PRLB) Shares Purchased by We Are One Seven LLC

Share on StockTwits

We Are One Seven LLC raised its position in shares of Proto Labs Inc (NYSE:PRLB) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,078 shares of the industrial products company’s stock after buying an additional 231 shares during the quarter. We Are One Seven LLC’s holdings in Proto Labs were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PRLB. DekaBank Deutsche Girozentrale acquired a new stake in shares of Proto Labs during the 1st quarter worth approximately $109,000. Envestnet Asset Management Inc. raised its position in shares of Proto Labs by 0.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 54,895 shares of the industrial products company’s stock worth $5,772,000 after purchasing an additional 258 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in shares of Proto Labs by 34.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,743 shares of the industrial products company’s stock worth $17,531,000 after purchasing an additional 42,323 shares during the period. Scout Investments Inc. raised its position in shares of Proto Labs by 65.1% during the 2nd quarter. Scout Investments Inc. now owns 102,207 shares of the industrial products company’s stock worth $11,858,000 after purchasing an additional 40,300 shares during the period. Finally, Capital Investment Services of America Inc. raised its position in shares of Proto Labs by 1.3% during the 2nd quarter. Capital Investment Services of America Inc. now owns 119,756 shares of the industrial products company’s stock worth $13,894,000 after purchasing an additional 1,495 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

PRLB has been the topic of a number of research reports. Piper Jaffray Companies dropped their price target on Proto Labs from $92.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Zacks Investment Research cut Proto Labs from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, ValuEngine cut Proto Labs from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Proto Labs currently has a consensus rating of “Hold” and a consensus target price of $126.25.

Shares of PRLB stock opened at $100.99 on Friday. Proto Labs Inc has a 12-month low of $88.75 and a 12-month high of $131.95. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 37.25 and a beta of 1.64. The business has a 50 day simple moving average of $99.73 and a 200 day simple moving average of $104.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.26 and a quick ratio of 4.08.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Proto Labs had a return on equity of 13.14% and a net margin of 15.71%. The business had revenue of $115.90 million during the quarter, compared to analyst estimates of $116.49 million. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Proto Labs Inc will post 2.5 EPS for the current fiscal year.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

Read More: When can a hold rating present a buying opportunity?

Want to see what other hedge funds are holding PRLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proto Labs Inc (NYSE:PRLB).

Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

Receive News & Ratings for Proto Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.