Capital Investment Services Of America buys $10,077,282 stake in Proto Labs Inc (PRLB)

Proto Labs Inc (PRLB) : Capital Investment Services Of America scooped up 1,450 additional shares in Proto Labs Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 174,257 shares of Proto Labs Inc which is valued at $10,077,282.Proto Labs Inc makes up approximately 1.93% of Capital Investment Services Of America’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in PRLB by selling 877 shares or 10.72% in the most recent quarter. The Hedge Fund company now holds 7,303 shares of PRLB which is valued at $422,332. Proto Labs Inc makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PRLB by selling 3,678 shares or 49.49% in the most recent quarter. The Hedge Fund company now holds 3,754 shares of PRLB which is valued at $220,360.

Proto Labs Inc closed down -0.6 points or -1.03% at $57.83 with 4,06,131 shares getting traded on Friday. Post opening the session at $58.46, the shares hit an intraday low of $56.32 and an intraday high of $58.46 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Many Wall Street Analysts have commented on Proto Labs Inc. Shares were Downgraded by Dougherty & Company on Aug 31, 2016 to ” Sell” and Lowered the Price Target to $ 50 from a previous price target of $90 .

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.

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