Two Sigma Investments LP Sells 19,029 Shares of Proto Labs, Inc. (NYSE:PRLB)

Two Sigma Investments LP lowered its stake in shares of Proto Labs, Inc. (NYSE:PRLB) by 56.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,971 shares of the industrial products company’s stock after selling 19,029 shares during the quarter. Two Sigma Investments LP owned 0.06% of Proto Labs worth $585,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sterling Capital Management LLC increased its position in shares of Proto Labs by 764.1% during the 4th quarter. Sterling Capital Management LLC now owns 795 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 703 shares during the last quarter. Quarry LP lifted its holdings in shares of Proto Labs by 175.7% in the 4th quarter. Quarry LP now owns 1,585 shares of the industrial products company’s stock worth $62,000 after buying an additional 1,010 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Proto Labs in the 4th quarter worth $192,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Proto Labs in the 4th quarter worth $205,000. Finally, LPL Financial LLC purchased a new stake in shares of Proto Labs in the 4th quarter worth $210,000. Institutional investors own 84.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PRLB shares. Cantor Fitzgerald upped their target price on Proto Labs from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Wall Street Zen upgraded Proto Labs from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 6th.

Proto Labs Price Performance

Shares of NYSE PRLB opened at $38.28 on Monday. The stock has a market capitalization of $909.95 million, a P/E ratio of 58.89 and a beta of 1.31. Proto Labs, Inc. has a 1-year low of $25.76 and a 1-year high of $46.73. The business has a fifty day moving average price of $36.51 and a 200 day moving average price of $38.82.

Proto Labs (NYSE:PRLB) last announced its earnings results on Friday, May 2nd. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Proto Labs had a return on equity of 2.44% and a net margin of 3.31%. The company had revenue of $126.21 million for the quarter, compared to analyst estimates of $123.71 million. During the same period in the prior year, the company posted $0.40 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Proto Labs, Inc. will post 0.81 earnings per share 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.