Millennium Management LLC Has $1.21 Million Holdings in Proto Labs, Inc. (NYSE:PRLB)

Millennium Management LLC cut its holdings in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,011 shares of the industrial products company's stock after selling 12,609 shares during the period. Millennium Management LLC owned about 0.13% of Proto Labs worth $1,212,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PRLB. Janney Montgomery Scott LLC grew its position in Proto Labs by 6.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,164 shares of the industrial products company's stock worth $788,000 after acquiring an additional 1,147 shares during the last quarter. Empowered Funds LLC grew its position in Proto Labs by 544.3% during the 4th quarter. Empowered Funds LLC now owns 95,359 shares of the industrial products company's stock worth $3,728,000 after acquiring an additional 80,558 shares during the last quarter. Rhumbline Advisers grew its position in Proto Labs by 0.4% during the 4th quarter. Rhumbline Advisers now owns 78,783 shares of the industrial products company's stock worth $3,080,000 after acquiring an additional 303 shares during the last quarter. Principal Financial Group Inc. grew its position in Proto Labs by 0.3% during the 4th quarter. Principal Financial Group Inc. now owns 118,889 shares of the industrial products company's stock worth $4,647,000 after acquiring an additional 299 shares during the last quarter. Finally, Rice Hall James & Associates LLC bought a new stake in Proto Labs during the 4th quarter worth approximately $5,972,000. 84.54% of the stock is currently owned by institutional investors.

Proto Labs Stock Up 2.6%

NYSE:PRLB traded up $0.97 during trading hours on Friday, hitting $38.28. 235,552 shares of the stock were exchanged, compared to its average volume of 240,651. The company's 50 day moving average is $36.51 and its two-hundred day moving average is $38.82. Proto Labs, Inc. has a twelve month low of $25.76 and a twelve month high of $46.73. The company has a market capitalization of $909.95 million, a P/E ratio of 58.89 and a beta of 1.31.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Proto Labs had a return on equity of 2.44% and a net margin of 3.31%. The firm had revenue of $126.21 million for the quarter, compared to the consensus estimate of $123.71 million. During the same quarter in the prior year, the business earned $0.40 EPS. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Proto Labs, Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

PRLB has been the topic of a number of research analyst reports. Wall Street Zen upgraded Proto Labs from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Cantor Fitzgerald upped their price objective on Proto Labs from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, February 10th.

About Proto Labs

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.