Gs Investments Inc. cut its position in Proto Labs Inc (NYSE:PRLB) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,550 shares of the industrial products company’s stock after selling 9,655 shares during the period. Proto Labs accounts for 7.4% of Gs Investments Inc.’s investment portfolio, making the stock its largest holding. Gs Investments Inc. owned approximately 0.24% of Proto Labs worth $10,603,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in Proto Labs during the 3rd quarter worth $341,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Proto Labs during the 3rd quarter worth $720,000. WINTON GROUP Ltd acquired a new stake in Proto Labs during the 3rd quarter worth $461,000. Meeder Asset Management Inc. boosted its stake in Proto Labs by 46.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,536 shares of the industrial products company’s stock worth $409,000 after purchasing an additional 801 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Proto Labs by 3.3% in the 3rd quarter. Victory Capital Management Inc. now owns 221,260 shares of the industrial products company’s stock worth $35,788,000 after acquiring an additional 6,974 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
PRLB stock opened at $124.90 on Friday. Proto Labs Inc has a one year low of $82.93 and a one year high of $166.60. The firm has a market capitalization of $3.46 billion, a PE ratio of 49.01, a PEG ratio of 2.18 and a beta of 1.46.
Proto Labs (NYSE:PRLB) last released its earnings results on Thursday, October 25th. The industrial products company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.21. Proto Labs had a net margin of 16.76% and a return on equity of 14.31%. The company had revenue of $115.43 million during the quarter, compared to analysts’ expectations of $112.53 million. Equities research analysts expect that Proto Labs Inc will post 2.79 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th.
In other news, VP Robert Bodor sold 3,000 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the vice president now owns 22,755 shares in the company, valued at approximately $3,299,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Way sold 8,000 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $159.10, for a total transaction of $1,272,800.00. Following the completion of the transaction, the chief financial officer now owns 30,503 shares of the company’s stock, valued at approximately $4,853,027.30. The disclosure for this sale can be found here. Insiders sold a total of 23,934 shares of company stock valued at $3,663,441 in the last 90 days. Company insiders own 0.64% of the company’s stock.
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Proto Labs Company Profile
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.
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