Connor Clark & Lunn Investment Management Ltd. Has $9.81 Million Stock Holdings in Cimpress plc (NASDAQ:CMPR)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Cimpress plc (NASDAQ:CMPR) by 39.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 136,724 shares of the business services provider’s stock after purchasing an additional 38,402 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Cimpress were worth $9,806,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Cimpress during the 3rd quarter valued at about $29,000. Quarry LP acquired a new position in Cimpress during the 3rd quarter valued at about $111,000. Point72 Asset Management L.P. acquired a new position in Cimpress during the 3rd quarter valued at about $115,000. Meeder Asset Management Inc. acquired a new position in Cimpress during the 3rd quarter valued at about $130,000. Finally, Optimist Retirement Group LLC boosted its stake in Cimpress by 15.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 352 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Stock Down 0.2 %

Cimpress stock opened at $41.88 on Friday. Cimpress plc has a 52 week low of $41.24 and a 52 week high of $104.92. The company’s 50 day moving average price is $58.85 and its two-hundred day moving average price is $73.16. The stock has a market cap of $1.05 billion, a P/E ratio of 6.93, a P/E/G ratio of 0.50 and a beta of 2.23.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. On average, equities analysts anticipate that Cimpress plc will post 3.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Truist Financial cut their price target on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Barrington Research reiterated an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th.

About Cimpress

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.