Proto Labs, Inc. (NYSE:PRLB) Position Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Proto Labs, Inc. (NYSE:PRLB) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,864 shares of the industrial products company’s stock after selling 383 shares during the quarter. State of Alaska Department of Revenue’s holdings in Proto Labs were worth $618,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of Proto Labs in the 2nd quarter valued at approximately $29,000. Quantbot Technologies LP bought a new stake in shares of Proto Labs in the 2nd quarter valued at approximately $30,000. CWM LLC lifted its holdings in Proto Labs by 144.2% in the 3rd quarter. CWM LLC now owns 1,199 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 708 shares during the last quarter. State of Wyoming lifted its holdings in Proto Labs by 40.0% in the 4th quarter. State of Wyoming now owns 1,505 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 430 shares during the last quarter. Finally, Quarry LP acquired a new stake in Proto Labs in the 2nd quarter worth approximately $45,000. Institutional investors own 84.54% of the company’s stock.

Proto Labs Stock Performance

PRLB opened at $32.89 on Friday. The business has a 50 day moving average price of $35.48 and a 200 day moving average price of $34.03. Proto Labs, Inc. has a twelve month low of $23.01 and a twelve month high of $41.87. The firm has a market cap of $845.93 million, a P/E ratio of 49.09 and a beta of 1.34.

Proto Labs (NYSE:PRLB) last posted its 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 return on equity of 2.51% and a net margin of 3.42%. The company had revenue of $125.10 million during the quarter, compared to analyst estimates of $122.81 million. During the same quarter last year, the firm posted ($4.24) earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that Proto Labs, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Proto Labs Profile

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.