Two Sigma Investments LP Lowers Stake in Proto Labs, Inc. (NYSE:PRLB)

Two Sigma Investments LP trimmed its holdings in Proto Labs, Inc. (NYSE:PRLB - Free Report) by 56.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,971 shares of the industrial products company's stock after selling 19,029 shares during the quarter. Two Sigma Investments LP owned about 0.06% of Proto Labs worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PRLB. Empowered Funds LLC increased its stake in shares of Proto Labs by 544.3% in 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 in the last quarter. Rhumbline Advisers increased its stake in shares of Proto Labs by 0.4% in 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 in the last quarter. Principal Financial Group Inc. increased its stake in shares of Proto Labs by 0.3% in 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 in the last quarter. Rice Hall James & Associates LLC bought a new stake in Proto Labs during the 4th quarter valued at about $5,972,000. Finally, ARK Investment Management LLC increased its stake in Proto Labs by 3.8% during the 4th quarter. ARK Investment Management LLC now owns 128,511 shares of the industrial products company's stock valued at $5,023,000 after purchasing an additional 4,750 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors.

Proto Labs Trading Up 0.2%

NYSE:PRLB traded up $0.09 on Wednesday, reaching $39.34. 208,929 shares of the stock traded hands, compared to its average volume of 240,960. The company's fifty day simple moving average is $36.84 and its 200 day simple moving average is $38.81. Proto Labs, Inc. has a 12 month low of $25.76 and a 12 month high of $46.73. The company has a market capitalization of $935.08 million, a price-to-earnings ratio of 60.52 and a beta of 1.31.

Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings results 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 net margin of 3.31% and a return on equity of 2.44%. The firm had revenue of $126.21 million during the quarter, compared to analyst estimates of $123.71 million. During the same period in the previous year, the business posted $0.40 earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts anticipate that Proto Labs, Inc. will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of 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.