Pallas Capital Advisors LLC Buys New Stake in Cimpress plc (NASDAQ:CMPR)

Pallas Capital Advisors LLC purchased a new stake in Cimpress plc (NASDAQ:CMPR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,671 shares of the business services provider's stock, valued at approximately $263,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in shares of Cimpress by 5.2% in the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider's stock worth $233,253,000 after buying an additional 140,899 shares during the period. Dimensional Fund Advisors LP lifted its position in Cimpress by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider's stock worth $44,909,000 after acquiring an additional 4,441 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider's stock worth $36,885,000 after acquiring an additional 26,727 shares during the period. Hantz Financial Services Inc. grew its position in Cimpress by 0.5% in the third quarter. Hantz Financial Services Inc. now owns 145,703 shares of the business services provider's stock valued at $11,936,000 after acquiring an additional 785 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Cimpress by 649.8% during the second quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider's stock valued at $9,405,000 after purchasing an additional 93,033 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Stock Up 0.3 %

Shares of Cimpress stock traded up $0.23 on Thursday, hitting $72.64. 94,834 shares of the company's stock traded hands, compared to its average volume of 128,313. Cimpress plc has a 52-week low of $58.05 and a 52-week high of $104.92. The stock has a market cap of $1.83 billion, a P/E ratio of 12.48, a PEG ratio of 0.62 and a beta of 2.09. The firm's 50-day moving average is $76.91 and its 200 day moving average is $82.62.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.80). The company had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same quarter last year, the company earned $0.17 earnings per share. Equities research analysts forecast that Cimpress plc will post 4.06 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CMPR. Truist Financial decreased their target price on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Barrington Research reissued an "outperform" rating and issued a $119.00 price objective on shares of Cimpress in a research report on Friday, December 20th. Finally, StockNews.com downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 9th.

Cimpress 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.