Lazard Asset Management LLC Buys Shares of 3,771 Proto Labs, Inc. (NYSE:PRLB)

Lazard Asset Management LLC purchased a new position in shares of Proto Labs, Inc. (NYSE:PRLBGet Rating) during the second quarter, HoldingsChannel reports. The firm purchased 3,771 shares of the industrial products company’s stock, valued at approximately $180,000.

Other hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its holdings in shares of Proto Labs by 1,108.8% during the second quarter. AdvisorNet Financial Inc now owns 1,100 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 1,009 shares during the period. KBC Group NV acquired a new position in shares of Proto Labs during the second quarter worth $113,000. Profund Advisors LLC acquired a new position in shares of Proto Labs during the first quarter worth $203,000. GSA Capital Partners LLP acquired a new position in shares of Proto Labs during the first quarter worth $204,000. Finally, Walker Asset Management LLC acquired a new position in shares of Proto Labs during the second quarter worth $216,000. Institutional investors and hedge funds own 88.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PRLB shares. StockNews.com initiated coverage on shares of Proto Labs in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Craig Hallum downgraded shares of Proto Labs from a “hold” rating to a “sell” rating and lowered their target price for the stock from $42.00 to $20.00 in a research note on Friday, November 4th.

Proto Labs Stock Up 0.4 %

Shares of NYSE PRLB opened at $23.77 on Monday. Proto Labs, Inc. has a twelve month low of $22.04 and a twelve month high of $61.14. The firm has a fifty day simple moving average of $34.43 and a 200 day simple moving average of $41.66. The company has a market capitalization of $644.57 million, a PE ratio of 27.96 and a beta of 1.25.

Proto Labs Company Profile

(Get Rating)

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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