Pacer Advisors Inc. Has $5.21 Million Stake in Proto Labs, Inc. (NYSE:PRLB)

Key Points

• Pacer Advisors Inc. significantly increased its holdings in Proto Labs, buying 146,968 additional shares to reach a total of 148,595 shares, amounting to a stake valued at $5.21 million.
• The stock price of Proto Labs opened at $39.67, with a one-year low of $25.75 and a high of $46.73, amid a market capitalization of $942.96 million.
• Proto Labs recently reported quarterly earnings of $0.33 EPS, exceeding analysts' expectations and marking a year-over-year revenue decline of 1.3% despite a total of $126.21 million in revenue for the quarter.

Pacer Advisors Inc. grew its holdings in Proto Labs, Inc. (NYSE:PRLB - Free Report) by 9,033.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,595 shares of the industrial products company's stock after buying an additional 146,968 shares during the period. Pacer Advisors Inc. owned 0.63% of Proto Labs worth $5,207,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PRLB. Sterling Capital Management LLC increased its stake in shares of Proto Labs by 764.1% during the fourth quarter. Sterling Capital Management LLC now owns 795 shares of the industrial products company's stock worth $31,000 after purchasing an additional 703 shares during the period. GAMMA Investing LLC increased its stake in shares of Proto Labs by 249.4% during the first quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company's stock worth $32,000 after purchasing an additional 661 shares during the period. Quarry LP increased its stake in shares of Proto Labs by 175.7% during the fourth quarter. Quarry LP now owns 1,585 shares of the industrial products company's stock worth $62,000 after purchasing an additional 1,010 shares during the period. CWM LLC increased its stake in shares of Proto Labs by 50.4% during the first quarter. CWM LLC now owns 1,840 shares of the industrial products company's stock worth $64,000 after purchasing an additional 617 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Proto Labs during the fourth quarter worth approximately $192,000. 84.54% of the stock is owned by institutional investors and hedge funds.

Proto Labs Price Performance

Proto Labs stock opened at $39.67 on Tuesday. The stock's fifty day moving average price is $39.07 and its two-hundred day moving average price is $38.49. Proto Labs, Inc. has a one year low of $25.75 and a one year high of $46.73. The firm has a market cap of $942.96 million, a PE ratio of 66.12 and a beta of 1.33.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. Proto Labs had a return on equity of 2.22% and a net margin of 2.99%. The firm had revenue of $126.21 million for the quarter, compared to analyst estimates of $123.71 million. During the same quarter last year, the company earned $0.40 EPS. The company's revenue was down 1.3% on a year-over-year basis. Sell-side analysts expect that Proto Labs, Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Proto Labs from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 6th.

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.

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