Proto Labs, Inc. (NYSE:PRLB) Position Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Proto Labs, Inc. (NYSE:PRLB) by 38.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,498 shares of the industrial products company’s stock after buying an additional 4,612 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Proto Labs worth $643,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jump Financial LLC lifted its stake in Proto Labs by 1.9% in the third quarter. Jump Financial LLC now owns 18,333 shares of the industrial products company’s stock valued at $484,000 after buying an additional 342 shares during the last quarter. Swiss National Bank raised its stake in shares of Proto Labs by 0.9% during the third quarter. Swiss National Bank now owns 57,600 shares of the industrial products company’s stock valued at $1,521,000 after purchasing an additional 500 shares in the last quarter. CWM LLC raised its stake in shares of Proto Labs by 144.2% during the third quarter. CWM LLC now owns 1,199 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 708 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Proto Labs by 3,795.7% during the fourth quarter. International Assets Investment Management LLC now owns 896 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 873 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of Proto Labs by 14.9% during the third quarter. Alps Advisors Inc. now owns 36,173 shares of the industrial products company’s stock valued at $955,000 after purchasing an additional 4,687 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd.

Proto Labs Stock Down 1.6 %

Shares of NYSE PRLB opened at $31.43 on Friday. The firm’s 50-day simple moving average is $34.75 and its 200 day simple moving average is $34.45. The stock has a market cap of $803.35 million, a P/E ratio of 46.91 and a beta of 1.34. Proto Labs, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $41.87.

Proto Labs (NYSE:PRLB) last released its earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share (EPS) 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 2.51% and a net margin of 3.42%. Proto Labs’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($4.24) earnings per share. On average, sell-side analysts anticipate that Proto Labs, Inc. will post 0.94 earnings per share for the current fiscal year.

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.