TimesSquare Capital Management LLC Has $71.42 Million Holdings in Proto Labs Inc (NYSE:PRLB)

TimesSquare Capital Management LLC lifted its stake in Proto Labs Inc (NYSE:PRLB) by 96.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 699,507 shares of the industrial products company’s stock after buying an additional 343,127 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Proto Labs were worth $71,420,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Proto Labs by 2.4% in the 2nd quarter. BlackRock Inc. now owns 4,025,505 shares of the industrial products company’s stock worth $467,039,000 after buying an additional 92,643 shares in the last quarter. Brown Capital Management LLC grew its position in Proto Labs by 1.2% during the 2nd quarter. Brown Capital Management LLC now owns 3,767,526 shares of the industrial products company’s stock worth $437,108,000 after acquiring an additional 44,065 shares during the last quarter. Riverbridge Partners LLC grew its position in Proto Labs by 10.4% during the 3rd quarter. Riverbridge Partners LLC now owns 1,538,713 shares of the industrial products company’s stock worth $157,103,000 after acquiring an additional 144,825 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Proto Labs by 2.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 574,150 shares of the industrial products company’s stock worth $66,613,000 after acquiring an additional 15,749 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its position in Proto Labs by 0.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 548,650 shares of the industrial products company’s stock worth $63,654,000 after acquiring an additional 2,723 shares during the last quarter. 98.53% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on PRLB shares. Zacks Investment Research lowered Proto Labs from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 2nd. Northcoast Research lowered Proto Labs from a “buy” rating to a “neutral” rating in a research report on Friday, October 25th. William Blair lowered Proto Labs from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a research report on Thursday, October 24th. Finally, ValuEngine lowered Proto Labs from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Proto Labs presently has a consensus rating of “Hold” and an average price target of $126.25.

NYSE PRLB traded down $0.73 during trading hours on Tuesday, reaching $100.04. 65,938 shares of the company’s stock were exchanged, compared to its average volume of 180,227. The stock has a market cap of $2.70 billion, a PE ratio of 35.60 and a beta of 1.64. Proto Labs Inc has a one year low of $88.75 and a one year high of $131.85. The firm has a fifty day moving average of $101.00 and a 200-day moving average of $103.12. The company has a current ratio of 4.19, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02.

Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $117.46 million for the quarter, compared to analyst estimates of $119.39 million. Proto Labs had a return on equity of 12.28% and a net margin of 14.74%. Proto Labs’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. As a group, research analysts forecast that Proto Labs Inc will post 2.29 EPS for the current year.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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