SG Americas Securities LLC Grows Stock Position in Proto Labs, Inc. (NYSE:PRLB)

SG Americas Securities LLC raised its stake in shares of Proto Labs, Inc. (NYSE:PRLBFree Report) by 39.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,317 shares of the industrial products company’s stock after buying an additional 6,064 shares during the period. SG Americas Securities LLC owned about 0.08% of Proto Labs worth $831,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Proto Labs during the 2nd quarter valued at about $29,000. Quantbot Technologies LP purchased a new position in shares of Proto Labs during the 2nd quarter valued at about $30,000. CWM LLC raised its stake in shares of Proto Labs by 144.2% during the 3rd quarter. CWM LLC now owns 1,199 shares of the industrial products company’s stock valued at $32,000 after buying an additional 708 shares during the last quarter. State of Wyoming raised its stake in shares of Proto Labs by 40.0% during the 4th quarter. State of Wyoming now owns 1,505 shares of the industrial products company’s stock valued at $38,000 after buying an additional 430 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Proto Labs in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Proto Labs Stock Down 2.7 %

Shares of Proto Labs stock opened at $34.80 on Tuesday. Proto Labs, Inc. has a twelve month low of $23.01 and a twelve month high of $41.87. The business has a 50-day moving average price of $36.01 and a 200 day moving average price of $33.72. The firm has a market cap of $895.06 million, a PE ratio of 51.94 and a beta of 1.34.

Proto Labs (NYSE:PRLBGet Free Report) last announced its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Proto Labs had a net margin of 3.42% and a return on equity of 2.51%. The business had revenue of $125.10 million during the quarter, compared to analysts’ expectations of $122.81 million. During the same quarter in the prior year, the firm earned ($4.24) EPS. Proto Labs’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that Proto Labs, Inc. will post 0.94 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Proto Labs from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd.

Check Out Our Latest Report on PRLB

About Proto Labs

(Free Report)

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.

Further Reading

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

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