Islay Capital Management LLC purchased a new stake in Cimpress plc (NASDAQ:CMPR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,865 shares of the business services provider's stock, valued at approximately $564,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Cimpress by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,833,202 shares of the business services provider's stock worth $131,477,000 after purchasing an additional 13,988 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Cimpress by 31.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider's stock valued at $42,472,000 after purchasing an additional 141,942 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Cimpress by 1.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 236,941 shares of the business services provider's stock valued at $16,993,000 after purchasing an additional 2,988 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Cimpress by 9.1% in the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock valued at $11,403,000 after purchasing an additional 13,297 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Cimpress by 39.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider's stock valued at $9,806,000 after purchasing an additional 38,402 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.
Insiders Place Their Bets
In other news, CFO Sean Edward Quinn bought 5,000 shares of Cimpress stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the chief financial officer now directly owns 20,224 shares in the company, valued at $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.80% of the company's stock.
Cimpress Price Performance
NASDAQ CMPR traded down $2.42 on Thursday, reaching $42.08. The company had a trading volume of 66,365 shares, compared to its average volume of 167,084. Cimpress plc has a 1 year low of $39.11 and a 1 year high of $104.92. The firm has a market capitalization of $1.06 billion, a PE ratio of 6.90, a P/E/G ratio of 0.50 and a beta of 1.94. The firm has a 50-day moving average of $47.68 and a 200-day moving average of $66.83.
Cimpress (NASDAQ:CMPR - Get Free Report) last posted its earnings results 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, sell-side analysts expect that Cimpress plc will post 3.69 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently weighed in on CMPR. StockNews.com raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 8th. Barrington Research reaffirmed an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th. Finally, Truist Financial cut their price objective on Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research report on Friday, January 31st.
Check Out Our Latest Report on Cimpress
Cimpress Profile
(
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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