Partnership Wealth Management LLC Takes $2.45 Million Position in Proto Labs, Inc. (NYSE:PRLB)

Partnership Wealth Management LLC purchased a new position in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 67,751 shares of the industrial products company's stock, valued at approximately $2,445,000. Proto Labs makes up approximately 1.8% of Partnership Wealth Management LLC's portfolio, making the stock its 15th largest position. Partnership Wealth Management LLC owned approximately 0.26% of Proto Labs at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRLB. Nordea Investment Management AB raised its position in shares of Proto Labs by 34.2% during the 3rd quarter. Nordea Investment Management AB now owns 147,743 shares of the industrial products company's stock valued at $3,884,000 after acquiring an additional 37,642 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Proto Labs in the 3rd quarter worth about $2,090,000. Caxton Associates LP bought a new position in shares of Proto Labs in the 3rd quarter worth about $587,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Proto Labs by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,196 shares of the industrial products company's stock valued at $10,169,000 after buying an additional 18,372 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Proto Labs during the 3rd quarter valued at about $1,130,000. Hedge funds and other institutional investors own 84.54% of the company's stock.

Proto Labs Stock Down 1.6 %

PRLB traded down $0.53 during trading on Friday, hitting $31.76. The company had a trading volume of 133,723 shares, compared to its average volume of 127,219. The company has a market capitalization of $804.16 million, a PE ratio of 41.25 and a beta of 1.36. The firm's 50-day moving average price is $33.50 and its 200 day moving average price is $35.02. Proto Labs, Inc. has a one year low of $23.01 and a one year high of $41.87.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). The firm had revenue of $125.10 million for the quarter, compared to analyst estimates of $122.81 million. Proto Labs had a return on equity of 2.88% and a net margin of 3.92%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($4.24) EPS. Sell-side analysts forecast that Proto Labs, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PRLB shares. StockNews.com raised Proto Labs from a "buy" rating to a "strong-buy" rating in a report on Friday, February 2nd. Needham & Company LLC reissued a "hold" rating on shares of Proto Labs in a research note on Monday, May 6th. Finally, Craig Hallum reduced their price target on shares of Proto Labs from $38.00 to $34.00 and set a "hold" rating for the company in a research note on Monday, May 6th.

Proto Labs Company 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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