SG Americas Securities LLC Cuts Stock Holdings in Proto Labs, Inc. (NYSE:PRLB)

SG Americas Securities LLC lowered its stake in shares of Proto Labs, Inc. (NYSE:PRLBGet Rating) by 88.4% during the first quarter, HoldingsChannel.com reports. The firm owned 8,656 shares of the industrial products company’s stock after selling 65,903 shares during the period. 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 large investors also recently bought and sold shares of the stock. Antonetti Capital Management LLC raised its stake 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 purchasing an additional 240 shares during the period. CarsonAllaria Wealth Management Ltd. purchased a new position in Proto Labs during the fourth quarter worth approximately $28,000. Hardy Reed LLC purchased a new position in Proto Labs during the first quarter worth approximately $30,000. Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 750 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake 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 purchasing an additional 884 shares during the period. Hedge funds and other institutional investors own 93.35% of the company’s stock.

Analyst Upgrades and Downgrades

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

Proto Labs Stock Down 9.8 %

Proto Labs stock opened at $46.90 on Friday. Proto Labs, Inc. has a 52-week low of $39.36 and a 52-week high of $82.98. The firm has a fifty day moving average of $47.81 and a 200-day moving average of $49.12. The firm has a market capitalization of $1.29 billion, a P/E ratio of 37.22 and a beta of 1.28.

Proto Labs (NYSE:PRLBGet Rating) last released its quarterly earnings data on Friday, May 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. Proto Labs had a net margin of 7.01% and a return on equity of 4.19%. The company had revenue of $124.20 million during the quarter, compared to analyst estimates of $122.03 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts expect that Proto Labs, Inc. will post 0.63 EPS for the current fiscal year.

About Proto Labs

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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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Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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