Lazard Asset Management LLC Invests $180,000 in Proto Labs, Inc. (NYSE:PRLB)

Lazard Asset Management LLC acquired a new position in shares of Proto Labs, Inc. (NYSE:PRLBGet Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,771 shares of the industrial products company’s stock, valued at approximately $180,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PRLB. AdvisorNet Financial Inc raised its holdings in shares of Proto Labs by 1,108.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,100 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 1,009 shares during the period. KBC Group NV bought a new stake in shares of Proto Labs in the 2nd quarter valued at about $113,000. Profund Advisors LLC bought a new position in Proto Labs in the 1st quarter valued at about $203,000. GSA Capital Partners LLP bought a new position in Proto Labs in the 1st quarter valued at about $204,000. Finally, Walker Asset Management LLC bought a new position in Proto Labs in the 2nd quarter valued at about $216,000. 88.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PRLB shares. Craig Hallum cut shares of Proto Labs from a “hold” rating to a “sell” rating and lowered their price target for the company from $42.00 to $20.00 in a report on Friday, November 4th. StockNews.com initiated coverage on shares of Proto Labs in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.

Proto Labs Trading Up 0.4 %

Shares of PRLB opened at $23.77 on Monday. Proto Labs, Inc. has a 12 month low of $22.04 and a 12 month high of $61.14. The firm’s 50 day moving average is $34.43 and its 200-day moving average is $41.66. The stock has a market capitalization of $644.57 million, a PE ratio of 27.96 and a beta of 1.25.

Proto Labs Profile

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Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.

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

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