Quantum Capital Management Nj Lowers stake in Proto Labs Inc (PRLB)

Proto Labs Inc (PRLB) : Quantum Capital Management Nj reduced its stake in Proto Labs Inc by 24.09% during the most recent quarter end. The investment management company now holds a total of 255,533 shares of Proto Labs Inc which is valued at $15,181,216 after selling 81,115 shares in Proto Labs Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Proto Labs Inc makes up approximately 5.03% of Quantum Capital Management Nj’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd added PRLB to its portfolio by purchasing 3,725 company shares during the most recent quarter which is valued at $221,302. Proto Labs Inc makes up approx 0.02% of Quadrature Capital Ltd’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in PRLB in the latest quarter, The investment management firm added 13,819 additional shares and now holds a total of 597,487 shares of Proto Labs Inc which is valued at $35,496,703. Proto Labs Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Livingston Group Asset Management Co (operating As Southp… added PRLB to its portfolio by purchasing 1,150 company shares during the most recent quarter which is valued at $70,530. Proto Labs Inc makes up approx 0.04% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.1st Global Advisors boosted its stake in PRLB in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 7,069 shares of Proto Labs Inc which is valued at $420,464. Proto Labs Inc makes up approx 0.06% of 1st Global Advisors’s portfolio.

Proto Labs Inc opened for trading at $58.14 and hit $59.26 on the upside on Tuesday, eventually ending the session at $58.97, with a gain of 1.85% or 1.07 points. The heightened volatility saw the trading volume jump to 1,21,970 shares. Company has a market cap of $1,558 M.

On the company’s financial health, Proto Labs Inc reported $0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.48. The company had revenue of $75.00 million for the quarter, compared to analysts expectations of $77.19 million. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Proto Labs Inc. (Proto Labs) is an online manufacturer of custom parts for prototyping and short-run production. The Company utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for its customers. The Company provides parts for product developers and engineers across the world. The Company utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for its customers. The Company targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD) software to design products across a diverse range of end-markets. Its primary manufacturing product lines include Protomold which is an injection molding product line Firstcut which is a CNC machining product line and Fineline which is an additive-manufactured (3D printing) product line. The Company has operations in the United States Europe and Japan.

Leave a Reply

Proto Labs Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Proto Labs Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.