Posted by admin on Aug 6th, 2022

SG Americas Securities LLC trimmed its position in shares of Proto Labs, Inc. (NYSE:PRLB – Get Rating) by 88.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,656 shares of the industrial products company’s stock after selling 65,903 shares during the quarter. SG Americas Securities LLC’s holdings in Proto Labs were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Antonetti Capital Management LLC grew its position in Proto Labs by 84.5% during the fourth quarter. Antonetti Capital Management LLC now owns 524 shares of the industrial products company’s stock worth $51,000 after buying an additional 240 shares during the period. CarsonAllaria Wealth Management Ltd. acquired a new position in Proto Labs during the fourth quarter worth about $28,000. Hardy Reed LLC acquired a new position in Proto Labs during the first quarter worth about $30,000. Nisa Investment Advisors LLC grew its position in Proto Labs by 227.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,080 shares of the industrial products company’s stock worth $54,000 after buying an additional 750 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in Proto Labs by 5.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 18,460 shares of the industrial products company’s stock worth $949,000 after buying an additional 884 shares during the period. 93.35% of the stock is currently owned by institutional investors and hedge funds.

PRLB stock opened at $46.90 on Friday. The company’s 50 day simple moving average is $47.81 and its 200-day simple moving average is $49.12. The firm has a market capitalization of $1.29 billion, a PE ratio of 37.22 and a beta of 1.28. Proto Labs, Inc. has a 12 month low of $39.36 and a 12 month high of $82.98.

Proto Labs (NYSE:PRLB – Get Rating) last released its quarterly earnings results on Friday, May 6th. The industrial products company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $124.20 million for the quarter, compared to analyst estimates of $122.03 million. Proto Labs had a net margin of 7.01% and a return on equity of 4.19%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Proto Labs, Inc. will post 0.63 earnings per share for the current year.

Separately, Craig Hallum lowered their price target on shares of Proto Labs from $56.00 to $50.00 in a research report on Monday, May 9th.

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.

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