Barclays PLC lifted its holdings in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 70.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,825 shares of the business services provider's stock after purchasing an additional 26,342 shares during the quarter. Barclays PLC owned about 0.25% of Cimpress worth $5,229,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new stake in Cimpress during the 3rd quarter worth approximately $7,582,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Cimpress by 54.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider's stock valued at $2,164,000 after acquiring an additional 9,324 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider's stock valued at $36,885,000 after acquiring an additional 26,727 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Cimpress in the second quarter valued at $2,208,000. Finally, Millennium Management LLC grew its stake in Cimpress by 34.6% during the 2nd quarter. Millennium Management LLC now owns 42,950 shares of the business services provider's stock worth $3,763,000 after purchasing an additional 11,041 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.
Cimpress Stock Performance
NASDAQ CMPR traded up $0.51 during trading on Friday, reaching $74.21. 268,114 shares of the company's stock were exchanged, compared to its average volume of 151,852. The company has a 50 day moving average price of $78.85 and a two-hundred day moving average price of $84.37. The stock has a market cap of $1.87 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08. Cimpress plc has a 1 year low of $58.05 and a 1 year high of $104.92.
Cimpress (NASDAQ:CMPR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The business had revenue of $804.97 million for the quarter, compared to analysts' expectations of $800.51 million. During the same quarter in the previous year, the firm earned $0.17 EPS. Research analysts forecast that Cimpress plc will post 4.27 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on CMPR. StockNews.com lowered Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Truist Financial reduced their target price on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Barrington Research reiterated an "outperform" rating and set a $119.00 price target on shares of Cimpress in a report on Friday.
Read Our Latest Stock Report on Cimpress
About Cimpress
(
Free Report)
Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.
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