Jane Street Group LLC Purchases 50,556 Shares of Proto Labs, Inc. (NYSE:PRLB)

Jane Street Group LLC boosted its position in Proto Labs, Inc. (NYSE:PRLB) by 107.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,623 shares of the industrial products company’s stock after purchasing an additional 50,556 shares during the period. Jane Street Group LLC owned approximately 0.40% of Proto Labs worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PRLB. Wellington Management Group LLP boosted its stake in shares of Proto Labs by 6.5% during the third quarter. Wellington Management Group LLP now owns 387,741 shares of the industrial products company’s stock valued at $11,388,000 after purchasing an additional 23,696 shares during the period. State Street Corp boosted its position in Proto Labs by 1.4% in the 3rd quarter. State Street Corp now owns 965,426 shares of the industrial products company’s stock valued at $28,355,000 after buying an additional 13,554 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Proto Labs in the 3rd quarter worth about $8,587,000. Paloma Partners Management Co bought a new position in Proto Labs in the third quarter worth approximately $201,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Proto Labs by 40.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,108 shares of the industrial products company’s stock valued at $121,000 after buying an additional 1,186 shares during the period. Institutional investors own 84.54% of the company’s stock.

Proto Labs Trading Down 1.3 %

NYSE PRLB opened at $40.72 on Friday. The firm’s fifty day simple moving average is $36.98 and its two-hundred day simple moving average is $32.66. Proto Labs, Inc. has a 12-month low of $25.75 and a 12-month high of $45.15. The firm has a market capitalization of $998.05 million, a P/E ratio of 43.32 and a beta of 1.45.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.15. The business had revenue of $125.60 million for the quarter, compared to analyst estimates of $121.38 million. Proto Labs had a net margin of 4.76% and a return on equity of 3.49%. Proto Labs’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, sell-side analysts predict that Proto Labs, Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

PRLB has been the topic of several research reports. Needham & Company LLC reissued a “hold” rating on shares of Proto Labs in a report on Friday, November 1st. Craig Hallum boosted their price target on Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 price objective on shares of Proto Labs in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.33.

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.