Proto Labs, Inc. (NYSE:PRLB) Shares Bought by Cwm LLC

Cwm LLC grew its position in Proto Labs, Inc. (NYSE:PRLB) by 50.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,840 shares of the industrial products company’s stock after purchasing an additional 617 shares during the quarter. Cwm LLC’s holdings in Proto Labs were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PRLB. Sterling Capital Management LLC increased its stake in Proto Labs by 764.1% in the fourth 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. GAMMA Investing LLC boosted its holdings in shares of Proto Labs by 249.4% in the 1st quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company’s stock valued at $32,000 after buying an additional 661 shares in the last quarter. Quarry LP grew its position 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 valued at $62,000 after buying an additional 1,010 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Proto Labs during the 4th quarter worth $192,000. Finally, LPL Financial LLC acquired a new stake in Proto Labs during the 4th quarter worth $210,000. 84.54% of the stock is currently owned by institutional investors and hedge funds.

Proto Labs Price Performance

PRLB stock opened at $43.27 on Friday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 72.12 and a beta of 1.33. The company has a fifty day moving average price of $39.29 and a 200 day moving average price of $38.59. Proto Labs, Inc. has a 12 month low of $25.75 and a 12 month high of $46.73.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. Proto Labs had a net margin of 2.91% and a return on equity of 2.22%. The company had revenue of $135.06 million for the quarter, compared to analyst estimates of $128.05 million. During the same period in the previous year, the business posted $0.38 earnings per share. Proto Labs’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, analysts anticipate that Proto Labs, Inc. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

PRLB has been the subject of several research analyst reports. Cantor Fitzgerald upped their price objective on shares of Proto Labs from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday. Craig Hallum raised Proto Labs from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Friday. Finally, Wall Street Zen upgraded Proto Labs from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

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.