Teacher Retirement System of Texas Has $898,000 Stock Position in Proto Labs, Inc. (NYSE:PRLB)

Teacher Retirement System of Texas reduced its position in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 38.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 have also modified their holdings of the stock. American Century Companies Inc. boosted 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 worth $2,055,000 after acquiring an additional 404 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Proto Labs by 0.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,626 shares of the industrial products company's stock worth $3,152,000 after acquiring an additional 437 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Proto Labs by 249.4% in the first quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company's stock worth $32,000 after acquiring an additional 661 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Proto Labs by 764.1% in the fourth quarter. Sterling Capital Management LLC now owns 795 shares of the industrial products company's stock worth $31,000 after acquiring an additional 703 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted 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 worth $4,524,000 after acquiring an additional 900 shares during the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.

Proto Labs Price Performance

PRLB stock traded down $0.43 during midday trading on Friday, reaching $39.68. 133,943 shares of the company's stock traded hands, compared to its average volume of 215,505. The company has a market capitalization of $943.19 million, a P/E ratio of 66.02 and a beta of 1.33. Proto Labs, Inc. has a fifty-two week low of $25.75 and a fifty-two week high of $46.73. The business has a 50-day moving average price of $39.32 and a two-hundred day moving average price of $38.44.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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.