Teacher Retirement System of Texas Lowers Stock Position in Proto Labs, Inc. (NYSE:PRLB)

Teacher Retirement System of Texas trimmed its stake in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,621 shares of the industrial products company's stock after selling 16,200 shares during the period. Teacher Retirement System of Texas owned 0.11% of Proto Labs worth $898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRLB. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Proto Labs by 95.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 133,601 shares of the industrial products company's stock valued at $5,222,000 after purchasing an additional 65,198 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Proto Labs in the fourth quarter valued at about $205,000. Summit Global Investments acquired a new stake in shares of Proto Labs in the fourth quarter valued at about $318,000. American Century Companies Inc. raised its position in shares of Proto Labs by 0.8% in the fourth quarter. American Century Companies Inc. now owns 52,579 shares of the industrial products company's stock valued at $2,055,000 after buying an additional 404 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in shares of Proto Labs by 0.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 115,724 shares of the industrial products company's stock valued at $4,524,000 after buying an additional 900 shares during the last quarter. 84.54% of the stock is owned by hedge funds and other institutional investors.

Proto Labs Stock Down 0.1%

Shares of NYSE PRLB opened at $40.12 on Tuesday. Proto Labs, Inc. has a 52 week low of $25.76 and a 52 week high of $46.73. The stock has a market capitalization of $953.57 million, a price-to-earnings ratio of 66.86 and a beta of 1.33. The firm has a 50-day simple moving average of $39.27 and a 200-day simple moving average of $38.42.

Proto Labs (NYSE:PRLB - Get Free Report) last released 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 net margin of 2.99% and a return on equity of 2.22%. The firm had revenue of $126.21 million during the quarter, compared to analysts' expectations of $123.71 million. During the same period last year, the business earned $0.40 earnings per share. Proto Labs's revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Proto Labs, Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

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

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.

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