Riverbridge Partners LLC Reduces Position in Proto Labs Inc (NYSE:PRLB)
Riverbridge Partners LLC lowered its position in Proto Labs Inc (NYSE:PRLB) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,510,317 shares of the industrial products company’s stock after selling 28,396 shares during the quarter. Proto Labs comprises approximately 2.8% of Riverbridge Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Riverbridge Partners LLC owned 0.06% of Proto Labs worth $153,373,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. D.B. Root & Company LLC grew its stake in Proto Labs by 2.5% in the fourth quarter. D.B. Root & Company LLC now owns 5,151 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 125 shares in the last quarter. Radnor Capital Management LLC grew its stake in Proto Labs by 25.1% in the fourth quarter. Radnor Capital Management LLC now owns 2,940 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 590 shares in the last quarter. Lenox Wealth Advisors LLC bought a new position in Proto Labs in the fourth quarter worth approximately $26,000. Maverick Capital Ltd. bought a new position in Proto Labs in the third quarter worth approximately $901,000. Finally, Disciplined Growth Investors Inc. MN grew its stake in Proto Labs by 1.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 900,179 shares of the industrial products company’s stock worth $91,908,000 after purchasing an additional 16,508 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.
NYSE PRLB traded up $0.39 during midday trading on Tuesday, hitting $102.39. 100,100 shares of the company traded hands, compared to its average volume of 112,111. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.19 and a quick ratio of 4.02. The company has a market cap of $2.68 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.77 and a beta of 1.64. The company’s 50-day simple moving average is $98.89 and its 200-day simple moving average is $100.85. Proto Labs Inc has a 52 week low of $88.75 and a 52 week high of $130.60.
Several analysts have issued reports on PRLB shares. Northcoast Research cut Proto Labs from a “buy” rating to a “neutral” rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research report on Thursday, October 24th. Zacks Investment Research raised Proto Labs from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. ValuEngine cut Proto Labs from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, William Blair cut Proto Labs from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $100.50.
Proto Labs Profile
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: What is a Call Option?
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).
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.