1 week Ago By ABMN Staff
KLP Kapitalforvaltning AS purchased a new stake in shares of Proto Labs, Inc. ( NYSE:PRLB – Free Report ) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,900 shares of the industrial products company’s stock, valued at approximately $192,000.
Several other hedge funds and other institutional investors also recently modified their holdings of PRLB. Modus Advisors LLC bought a new stake in Proto Labs during the fourth quarter worth about $87,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Proto Labs during the 4th quarter valued at about $205,000.
Versor Investments LP bought a new stake in Proto Labs in the 4th quarter worth approximately $235,000. Summit Global Investments purchased a new stake in Proto Labs in the fourth quarter worth approximately $318,000. Finally, Diversified Trust Co grew its position in Proto Labs by 13.
9% during the fourth quarter. Diversified Trust Co now owns 9,236 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 84.
54% of the company’s stock. Proto Labs Trading Down 2.3 % PRLB stock opened at $31.
04 on Wednesday. The stock has a market capitalization of $752.27 million, a price-to-earnings ratio of 47.
76 and a beta of 1.52. The firm’s 50-day moving average price is $38.
74 and its two-hundred day moving average price is $37.14. Proto Labs, Inc.
has a 12-month low of $25.76 and a 12-month high of $46.73.
Analysts Set New Price Targets PRLB has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price objective on shares of Proto Labs from $40.00 to $50.
00 and gave the stock an “overweight” rating in a report on Monday, February 10th. StockNews.com downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.
Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Proto Labs has an average rating of “Moderate Buy” and a consensus price target of $43.
67. Check Out Our Latest Stock Analysis on PRLB Proto Labs Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding PRLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proto Labs, Inc.
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