Algert Global LLC Decreases Stock Position in Cimpress plc (NASDAQ:CMPR)

Algert Global LLC cut its stake in shares of Cimpress plc (NASDAQ:CMPR) by 4.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 55,095 shares of the business services provider’s stock after selling 2,688 shares during the quarter. Algert Global LLC’s holdings in Cimpress were worth $4,513,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMPR. ProShare Advisors LLC lifted its position in Cimpress by 8.6% in the first quarter. ProShare Advisors LLC now owns 3,238 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 257 shares during the last quarter. Rhumbline Advisers raised its holdings in Cimpress by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock valued at $2,375,000 after buying an additional 308 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Cimpress by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock valued at $910,000 after buying an additional 334 shares during the period. Victory Capital Management Inc. increased its position in shares of Cimpress by 14.8% in the third quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 423 shares during the period. Finally, CWM LLC raised its stake in shares of Cimpress by 51.4% during the third quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 427 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Price Performance

Shares of NASDAQ CMPR opened at $81.33 on Monday. Cimpress plc has a 1 year low of $58.05 and a 1 year high of $104.92. The company’s 50-day moving average is $79.63 and its 200 day moving average is $84.94. The stock has a market capitalization of $2.05 billion, a P/E ratio of 13.97, a P/E/G ratio of 0.71 and a beta of 2.05.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). The firm had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same period in the prior year, the company posted $0.17 EPS. Research analysts anticipate that Cimpress plc will post 4.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on CMPR shares. StockNews.com downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research boosted their target price on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Finally, Truist Financial dropped their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Insiders Place Their Bets

In other Cimpress news, CEO Robert S. Keane sold 396 shares of Cimpress stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the completion of the transaction, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sean Edward Quinn sold 24,093 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total value of $2,372,678.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,799 shares of company stock worth $6,901,076. 17.80% of the stock is owned by corporate insiders.

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.