Proto Labs, Inc. (NYSE:PRLB) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in shares of Proto Labs, Inc. (NYSE:PRLB) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,754 shares of the industrial products company’s stock after selling 330 shares during the period. Yousif Capital Management LLC’s holdings in Proto Labs were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRLB. Jump Financial LLC raised its stake in Proto Labs by 1.9% in the 3rd quarter. Jump Financial LLC now owns 18,333 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 342 shares during the period. Swiss National Bank boosted its stake in Proto Labs by 0.9% in the 3rd quarter. Swiss National Bank now owns 57,600 shares of the industrial products company’s stock worth $1,521,000 after purchasing an additional 500 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Proto Labs by 3,795.7% during the 4th quarter. International Assets Investment Management LLC now owns 896 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 873 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Proto Labs by 38.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,498 shares of the industrial products company’s stock valued at $643,000 after purchasing an additional 4,612 shares in the last quarter. Finally, Alps Advisors Inc. raised its position in shares of Proto Labs by 14.9% during the 3rd quarter. Alps Advisors Inc. now owns 36,173 shares of the industrial products company’s stock valued at $955,000 after buying an additional 4,687 shares in the last quarter. Institutional investors own 84.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd.

Proto Labs Stock Down 0.2 %

Shares of Proto Labs stock opened at $31.09 on Monday. The company has a market cap of $794.66 million, a PE ratio of 40.38 and a beta of 1.36. The business has a 50 day moving average price of $34.01 and a 200-day moving average price of $34.77. Proto Labs, Inc. has a 52 week low of $23.01 and a 52 week high of $41.87.

Proto Labs (NYSE:PRLB) last issued its earnings results on Friday, February 9th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The company had revenue of $125.10 million for the quarter, compared to analysts’ expectations of $122.81 million. Proto Labs had a return on equity of 2.51% and a net margin of 3.42%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted ($4.24) earnings per share. As a group, research analysts anticipate that Proto Labs, Inc. will post 0.94 EPS for the current year.

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.