New York State Common Retirement Fund Sells 8,905 Shares of Proto Labs Inc (NYSE:PRLB)

New York State Common Retirement Fund lessened its holdings in Proto Labs Inc (NYSE:PRLB) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 509,176 shares of the industrial products company’s stock after selling 8,905 shares during the quarter. New York State Common Retirement Fund owned 1.90% of Proto Labs worth $51,707,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Lenox Wealth Advisors LLC acquired a new position in Proto Labs in the fourth quarter valued at about $26,000. Parallel Advisors LLC acquired a new position in Proto Labs in the third quarter valued at about $28,000. AdvisorNet Financial Inc raised its stake in Proto Labs by 348.5% in the third quarter. AdvisorNet Financial Inc now owns 296 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Proto Labs by 37.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 728 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 200 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in Proto Labs in the third quarter valued at about $85,000. 98.81% of the stock is owned by institutional investors.

Shares of NYSE PRLB opened at $99.59 on Thursday. The company has a current ratio of 4.97, a quick ratio of 4.76 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 1.71 and a beta of 1.64. Proto Labs Inc has a 12 month low of $88.75 and a 12 month high of $119.98. The stock has a 50-day moving average price of $103.02 and a two-hundred day moving average price of $100.16.

Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.63 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $111.90 million during the quarter, compared to the consensus estimate of $111.95 million. Proto Labs had a return on equity of 11.31% and a net margin of 13.88%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, sell-side analysts predict that Proto Labs Inc will post 2.46 earnings per share for the current year.

A number of research analysts recently commented on PRLB shares. Zacks Investment Research downgraded Proto Labs from a “hold” rating to a “strong sell” rating in a research note on Thursday. Northcoast Research downgraded Proto Labs from a “buy” rating to a “neutral” rating in a research note on Friday, October 25th. William Blair downgraded Proto Labs from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Needham & Company LLC reissued a “hold” rating on shares of Proto Labs in a research note on Thursday, October 24th. Finally, Berenberg Bank downgraded Proto Labs from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Proto Labs currently has an average rating of “Hold” and a consensus price target of $100.50.

Proto Labs Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven 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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Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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