Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Position in Proto Labs, Inc. (NYSE:PRLB)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Proto Labs, Inc. (NYSE:PRLB) by 20.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,214 shares of the industrial products company’s stock after selling 1,065 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Proto Labs were worth $164,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in Proto Labs by 3,795.7% in the 4th quarter. International Assets Investment Management LLC now owns 896 shares of the industrial products company’s stock valued at $35,000 after buying an additional 873 shares in the last quarter. Aigen Investment Management LP bought a new position in Proto Labs in the 3rd quarter worth about $245,000. Arizona State Retirement System purchased a new position in Proto Labs during the 4th quarter valued at about $284,000. Diversified Trust Co bought a new stake in shares of Proto Labs during the fourth quarter valued at about $286,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Proto Labs in the third quarter worth about $360,000. 84.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PRLB shares. Craig Hallum reduced their price target on shares of Proto Labs from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Monday. Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a research note on Monday. Finally, StockNews.com upgraded Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd.

Proto Labs Stock Performance

Shares of NYSE:PRLB opened at $31.70 on Thursday. The firm has a fifty day moving average of $33.67 and a 200 day moving average of $34.83. Proto Labs, Inc. has a 52-week low of $23.01 and a 52-week high of $41.87. The firm has a market capitalization of $802.52 million, a PE ratio of 41.17 and a beta of 1.36.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $125.10 million for the quarter, compared to the consensus estimate of $122.81 million. Proto Labs had a net margin of 3.92% and a return on equity of 2.88%. Proto Labs’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted ($4.24) earnings per share. On average, sell-side analysts forecast that Proto Labs, Inc. will post 0.94 EPS for the current fiscal 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.