Stephens Investment Management Group LLC Increases Stock Holdings in Proto Labs Inc (NYSE:PRLB)

Stephens Investment Management Group LLC lifted its stake in Proto Labs Inc (NYSE:PRLB) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 548,650 shares of the industrial products company’s stock after purchasing an additional 2,723 shares during the quarter. Proto Labs comprises 1.2% of Stephens Investment Management Group LLC’s portfolio, making the stock its 16th biggest holding. Stephens Investment Management Group LLC owned about 2.04% of Proto Labs worth $63,654,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PRLB. Municipal Employees Retirement System of Michigan raised its position in shares of Proto Labs by 1.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,070 shares of the industrial products company’s stock worth $936,000 after acquiring an additional 140 shares in the last quarter. ARK Investment Management LLC raised its position in shares of Proto Labs by 61.7% in the 2nd quarter. ARK Investment Management LLC now owns 470,848 shares of the industrial products company’s stock worth $54,628,000 after acquiring an additional 179,626 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in shares of Proto Labs in the 2nd quarter worth $5,460,000. Janney Montgomery Scott LLC raised its position in shares of Proto Labs by 13.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 2,598 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 301 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its position in shares of Proto Labs by 5,090.0% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 164,471 shares of the industrial products company’s stock worth $19,082,000 after acquiring an additional 161,302 shares in the last quarter. Hedge funds and other institutional investors own 93.47% of the company’s stock.

PRLB stock traded up $0.58 on Thursday, hitting $93.65. 2,058 shares of the company’s stock were exchanged, compared to its average volume of 224,280. Proto Labs Inc has a 12-month low of $92.53 and a 12-month high of $166.60. The stock’s 50 day simple moving average is $105.29. The company has a current ratio of 4.26, a quick ratio of 4.08 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.50 billion, a PE ratio of 33.42, a P/E/G ratio of 1.18 and a beta of 1.57.

Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, July 25th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Proto Labs had a return on equity of 13.14% and a net margin of 15.71%. The firm had revenue of $115.90 million for the quarter, compared to the consensus estimate of $116.49 million. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Proto Labs Inc will post 2.5 earnings per share for the current year.

Several research analysts have recently commented on the company. ValuEngine lowered Proto Labs from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Piper Jaffray Companies dropped their target price on Proto Labs from $92.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $126.25.

Proto Labs Company 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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