Proto Labs Inc. (PRLB) Position Decreased by Alps Advisors Inc.
Alps Advisors Inc. lowered its stake in shares of Proto Labs Inc. (NYSE:PRLB) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 5,398 shares of the company’s stock after selling 400 shares during the period. Alps Advisors Inc.’s holdings in Proto Labs were worth $311,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in Proto Labs by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company’s stock worth $604,000 after buying an additional 100 shares during the period. 1st Global Advisors Inc. increased its stake in Proto Labs by 3.3% in the second quarter. 1st Global Advisors Inc. now owns 7,069 shares of the company’s stock worth $407,000 after buying an additional 229 shares during the period. Capstone Asset Management Co. increased its stake in Proto Labs by 10.0% in the second quarter. Capstone Asset Management Co. now owns 8,433 shares of the company’s stock worth $485,000 after buying an additional 770 shares during the period. BlackRock Inc. increased its stake in Proto Labs by 120.2% in the first quarter. BlackRock Inc. now owns 1,594 shares of the company’s stock worth $123,000 after buying an additional 870 shares during the period. Finally, Capital Investment Services of America Inc. increased its stake in Proto Labs by 0.7% in the second quarter. Capital Investment Services of America Inc. now owns 172,807 shares of the company’s stock worth $9,947,000 after buying an additional 1,200 shares during the period.
Shares of Proto Labs Inc. (NYSE:PRLB) traded down 1.22% on Thursday, hitting $55.76. 282,900 shares of the stock traded hands. The company has a market cap of $1.47 billion, a PE ratio of 32.25 and a beta of 0.49. The stock has a 50 day moving average of $56.81 and a 200 day moving average of $62.32. Proto Labs Inc. has a one year low of $50.50 and a one year high of $82.06.
Proto Labs (NYSE:PRLB) last posted its earnings results on Thursday, July 28th. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.03. Proto Labs had a net margin of 15.82% and a return on equity of 13.76%. The firm had revenue of $75 million for the quarter, compared to analysts’ expectations of $77.20 million. During the same period in the previous year, the company earned $0.50 EPS. The company’s revenue was up 17.2% on a year-over-year basis. Equities analysts anticipate that Proto Labs Inc. will post $1.83 earnings per share for the current year.
A number of equities research analysts have commented on PRLB shares. Dougherty & Co downgraded shares of Proto Labs from a “buy” rating to a “sell” rating in a research report on Wednesday, August 31st. TheStreet downgraded shares of Proto Labs from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Zacks Investment Research downgraded shares of Proto Labs from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 15th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $65.00 target price on shares of Proto Labs in a research report on Friday, September 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.40.
In related news, insider Arthur R. Baker III purchased 3,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were acquired at an average price of $55.00 per share, for a total transaction of $165,000.00. Following the purchase, the insider now owns 7,105 shares of the company’s stock, valued at approximately $390,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.48% of the company’s stock.
Proto Labs Company Profile
Proto Labs, Inc is an online and technology-enabled manufacturer of on-demand three-dimensional (3D)-printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. It utilizes injection molding, CNC machining and 3D printing to manufacture custom parts for its customers.
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