Strs Ohio Has $709,000 Stake in Proto Labs, Inc. (NYSE:PRLB)

Strs Ohio reduced its holdings in Proto Labs, Inc. (NYSE:PRLB) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,200 shares of the industrial products company’s stock after selling 1,000 shares during the period. Strs Ohio’s holdings in Proto Labs were worth $709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its position 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 worth $32,000 after purchasing an additional 708 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in Proto Labs during the third quarter worth $419,000. Jump Financial LLC raised its position in Proto Labs by 1.9% during the third quarter. Jump Financial LLC now owns 18,333 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 342 shares in the last quarter. Quantbot Technologies LP raised its position in Proto Labs by 185.0% during the third quarter. Quantbot Technologies LP now owns 13,679 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 8,879 shares in the last quarter. Finally, Swiss National Bank raised its position in Proto Labs by 0.9% during the third quarter. Swiss National Bank now owns 57,600 shares of the industrial products company’s stock worth $1,521,000 after acquiring an additional 500 shares in the last quarter. 84.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Proto Labs Trading Down 1.6 %

NYSE PRLB opened at $31.43 on Friday. The firm’s fifty day moving average price is $34.75 and its two-hundred day moving average price is $34.45. Proto Labs, Inc. has a 1 year low of $23.01 and a 1 year high of $41.87. The firm has a market capitalization of $803.35 million, a P/E ratio of 46.91 and a beta of 1.34.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share (EPS) 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 firm had revenue of $125.10 million for the quarter, compared to the consensus estimate of $122.81 million. During the same period last year, the company posted ($4.24) earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that Proto Labs, Inc. will post 0.94 EPS for the current fiscal year.

Proto Labs Company 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.