Public Employees Retirement Association of Colorado grew its position in Proto Labs, Inc. (NYSE:PRLB) by 48.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,580 shares of the industrial products company’s stock after purchasing an additional 67,580 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.78% of Proto Labs worth $16,669,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Proto Labs by 65.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 782 shares in the last quarter. UBS Group AG raised its stake in Proto Labs by 128.0% during the 1st quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 11,895 shares in the last quarter. SG Americas Securities LLC raised its stake in Proto Labs by 27.1% during the 1st quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 603 shares in the last quarter. BB&T Corp acquired a new stake in Proto Labs during the 2nd quarter worth $205,000. Finally, Partnervest Advisory Services LLC acquired a new stake in Proto Labs during the 2nd quarter worth $211,000.
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Shares of Proto Labs, Inc. (NYSE PRLB) traded up $0.60 during trading hours on Friday, hitting $84.75. 105,600 shares of the stock traded hands, compared to its average volume of 152,819. The stock has a market capitalization of $2,258.25, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.27 and a beta of 1.03. Proto Labs, Inc. has a 1-year low of $48.00 and a 1-year high of $89.95.
Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $88.10 million for the quarter, compared to the consensus estimate of $85.68 million. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. analysts predict that Proto Labs, Inc. will post 1.9 earnings per share for the current year.
Several research analysts have issued reports on PRLB shares. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Friday, November 3rd. BidaskClub downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $67.00 price objective on shares of Proto Labs in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $69.33.
Proto Labs 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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