Proto Labs Inc (NYSE:PRLB) Shares Sold by Slow Capital Inc.

Slow Capital Inc. lowered its stake in Proto Labs Inc (NYSE:PRLB) by 3.5% during the second quarter, Holdings Channel.com reports. The fund owned 4,554 shares of the industrial products company’s stock after selling 164 shares during the quarter. Slow Capital Inc.’s holdings in Proto Labs were worth $528,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC grew its stake in Proto Labs by 7.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 558,401 shares of the industrial products company’s stock valued at $58,710,000 after acquiring an additional 38,650 shares during the period. ARK Investment Management LLC grew its stake in Proto Labs by 61.7% in the 2nd quarter. ARK Investment Management LLC now owns 470,848 shares of the industrial products company’s stock valued at $54,628,000 after acquiring an additional 179,626 shares during the period. Geode Capital Management LLC grew its stake in Proto Labs by 12.4% in the 4th quarter. Geode Capital Management LLC now owns 290,264 shares of the industrial products company’s stock valued at $32,738,000 after acquiring an additional 31,984 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in Proto Labs by 34.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,743 shares of the industrial products company’s stock valued at $17,531,000 after acquiring an additional 42,323 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Proto Labs by 5,004.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,685 shares of the industrial products company’s stock valued at $19,107,000 after acquiring an additional 161,459 shares during the period. 93.47% of the stock is currently owned by hedge funds and other institutional investors.

PRLB stock traded down $4.08 during midday trading on Wednesday, reaching $93.06. The stock had a trading volume of 5,023 shares, compared to its average volume of 184,430. The firm has a fifty day moving average price of $105.57. The company has a current ratio of 4.26, a quick ratio of 4.08 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.56 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. Proto Labs Inc has a 52-week low of $93.74 and a 52-week high of $166.60.



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

A number of equities research analysts recently issued reports on PRLB shares. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Thursday, August 1st. ValuEngine cut shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Piper Jaffray Companies dropped their price target on shares of Proto Labs from $92.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Proto Labs presently has an average rating of “Buy” and a consensus target price of $126.25.

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.

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

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