Ingalls & Snyder LLC Sells 7,355 Shares of Cimpress plc (NASDAQ:CMPR)

Ingalls & Snyder LLC reduced its stake in Cimpress plc (NASDAQ:CMPR - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,460 shares of the business services provider's stock after selling 7,355 shares during the period. Ingalls & Snyder LLC owned 0.34% of Cimpress worth $6,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 worth $2,164,000 after acquiring an additional 9,324 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Cimpress during the third quarter worth approximately $7,582,000. Diamond Hill Capital Management Inc. grew its holdings in Cimpress by 6.3% during 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 purchasing an additional 26,727 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Cimpress by 9.1% in the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock valued at $11,403,000 after buying an additional 13,297 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Cimpress by 118.8% during the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider's stock worth $563,000 after purchasing an additional 4,261 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Stock Performance

Shares of NASDAQ CMPR traded up $1.13 during trading on Friday, hitting $53.85. The company had a trading volume of 126,265 shares, compared to its average volume of 169,754. The stock has a 50 day simple moving average of $70.37 and a 200 day simple moving average of $78.69. The firm has a market capitalization of $1.35 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.58 and a beta of 2.08. Cimpress plc has a 12 month low of $52.09 and a 12 month high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, analysts predict that Cimpress plc will post 3.7 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CMPR shares. Barrington Research restated an "outperform" rating and issued a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th. Truist Financial lowered their price objective on shares of Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, StockNews.com raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th.

Cimpress Company Profile

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.