Yousif Capital Management LLC Has $497,000 Stock Position in Proto Labs, Inc. (NYSE:PRLB)

Yousif Capital Management LLC cut its holdings in Proto Labs, Inc. (NYSE:PRLB) by 2.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,754 shares of the industrial products company’s stock after selling 330 shares during the quarter. Yousif Capital Management LLC’s holdings in Proto Labs were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PRLB. Louisiana State Employees Retirement System bought a new position in Proto Labs during the fourth quarter worth $503,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Proto Labs by 38.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,498 shares of the industrial products company’s stock valued at $643,000 after purchasing an additional 4,612 shares during the period. International Assets Investment Management LLC boosted its position in shares of Proto Labs by 3,795.7% during the 4th quarter. International Assets Investment Management LLC now owns 896 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 873 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of Proto Labs in the 4th quarter valued at about $284,000. Finally, SG Americas Securities LLC increased its position in Proto Labs by 39.8% in the 4th quarter. SG Americas Securities LLC now owns 21,317 shares of the industrial products company’s stock valued at $831,000 after buying an additional 6,064 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Proto Labs Trading Down 0.2 %

Proto Labs stock opened at $31.09 on Monday. The firm has a market capitalization of $794.66 million, a price-to-earnings ratio of 40.38 and a beta of 1.36. The firm’s fifty day moving average price is $34.01 and its two-hundred day moving average price is $34.77. Proto Labs, Inc. has a 1-year low of $23.01 and a 1-year high of $41.87.

Proto Labs (NYSE:PRLB) 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). The business had revenue of $125.10 million during the quarter, compared to the consensus estimate of $122.81 million. Proto Labs had a net margin of 3.42% and a return on equity of 2.51%. Proto Labs’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($4.24) EPS. On average, research analysts forecast that Proto Labs, Inc. will post 0.94 EPS for the current year.

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.