Kornitzer Capital Management Inc. KS decreased its position in shares of Proto Labs, Inc. (NYSE:PRLB) by 39.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,000 shares of the industrial products company’s stock after selling 6,500 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Proto Labs were worth $672,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Proto Labs by 65.6% in the first quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock valued at $101,000 after buying an additional 782 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Proto Labs during the first quarter valued at about $109,000. UBS Group AG boosted its stake in Proto Labs by 128.0% in the first quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock valued at $133,000 after buying an additional 11,895 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Proto Labs by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 2,690 shares of the industrial products company’s stock valued at $137,000 after buying an additional 60 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Proto Labs by 27.1% in the first quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock valued at $145,000 after buying an additional 603 shares in the last quarter.

Shares of Proto Labs, Inc. (PRLB) opened at 73.85 on Wednesday. The stock has a market capitalization of $1.97 billion, a PE ratio of 42.94 and a beta of 0.93. The firm has a 50-day moving average of $68.79 and a 200 day moving average of $59.11. Proto Labs, Inc. has a 1-year low of $43.10 and a 1-year high of $75.25.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. The business had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.49 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts predict that Proto Labs, Inc. will post $2.06 EPS for the current year.

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Several analysts have issued reports on the stock. Dougherty & Co upgraded shares of Proto Labs from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. TheStreet upgraded shares of Proto Labs from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $67.00 target price on shares of Proto Labs in a research note on Friday, July 28th. Four research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $60.75.

In other Proto Labs news, VP Robert Bodor sold 741 shares of Proto Labs stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $73.84, for a total transaction of $54,715.44. Following the transaction, the vice president now owns 17,319 shares of the company’s stock, valued at $1,278,834.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rainer Gawlick sold 833 shares of Proto Labs stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $64.05, for a total transaction of $53,353.65. Following the transaction, the director now directly owns 6,258 shares in the company, valued at approximately $400,824.90. The disclosure for this sale can be found here. Insiders have sold 4,833 shares of company stock worth $342,782 in the last ninety days. Insiders own 7.78% of the company’s stock.

Proto Labs Company Profile

Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.

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

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