Caxton Associates LP trimmed its stake in shares of Proto Labs, Inc. (NYSE:PRLB – Free Report) by 52.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,993 shares of the industrial products company’s stock after selling 9,763 shares during the period. Caxton Associates LP’s holdings in Proto Labs were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PRLB. Shell Asset Management Co. purchased a new position in Proto Labs during the first quarter worth approximately $132,000. Gagnon Securities LLC boosted its position in Proto Labs by 0.6% during the first quarter. Gagnon Securities LLC now owns 92,533 shares of the industrial products company’s stock worth $3,308,000 after purchasing an additional 507 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in Proto Labs during the first quarter worth approximately $312,000. Hillsdale Investment Management Inc. boosted its position in Proto Labs by 17.7% during the first quarter. Hillsdale Investment Management Inc. now owns 118,094 shares of the industrial products company’s stock worth $4,222,000 after purchasing an additional 17,720 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Proto Labs during the first quarter worth approximately $1,560,000. 84.54% of the stock is owned by institutional investors and hedge funds.
Proto Labs Price Performance
Shares of NYSE:PRLB traded up $0.17 during midday trading on Tuesday, hitting $34.15. The company had a trading volume of 25,642 shares, compared to its average volume of 158,358. Proto Labs, Inc. has a twelve month low of $23.01 and a twelve month high of $41.87. The stock has a market cap of $864.68 million, a price-to-earnings ratio of 44.13 and a beta of 1.33. The business’s 50-day simple moving average is $31.46 and its 200-day simple moving average is $33.48.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PRLB. Cantor Fitzgerald began coverage on Proto Labs in a research report on Wednesday, June 5th. They issued an “overweight” rating and a $44.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a research report on Monday, May 6th. Benchmark restated a “buy” rating and issued a $45.00 target price on shares of Proto Labs in a research report on Wednesday, May 29th. Finally, Craig Hallum decreased their target price on Proto Labs from $38.00 to $34.00 and set a “hold” rating on the stock in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.
View Our Latest Research Report on PRLB
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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