Advantage Alpha Capital Partners LP Makes New $2.93 Million Investment in Cimpress plc (NASDAQ:CMPR)

Advantage Alpha Capital Partners LP purchased a new stake in shares of Cimpress plc (NASDAQ:CMPR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 35,796 shares of the business services provider’s stock, valued at approximately $2,932,000.

Several other institutional investors have also made changes to their positions in CMPR. Vanguard Group Inc. raised its position in Cimpress by 5.3% during the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock valued at $160,384,000 after acquiring an additional 91,543 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Cimpress during the 3rd quarter worth $7,582,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Cimpress by 6.3% during the 3rd 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 in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Cimpress in the 2nd quarter valued at $2,208,000. Finally, Millennium Management LLC boosted its holdings in Cimpress by 34.6% in the second quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock worth $3,763,000 after purchasing an additional 11,041 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Sean Edward Quinn sold 24,093 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $98.48, for a total value of $2,372,678.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert S. Keane sold 45,310 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $99.09, for a total value of $4,489,767.90. Following the transaction, the chief executive officer now owns 1,012,890 shares in the company, valued at $100,367,270.10. This represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,799 shares of company stock valued at $6,901,076 in the last three months. Company insiders own 17.80% of the company’s stock.

Wall Street Analysts Forecast Growth

CMPR has been the topic of several recent research reports. Barrington Research raised their target price on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Truist Financial cut their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com cut Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th.

Cimpress Price Performance

Shares of CMPR opened at $83.49 on Tuesday. The company has a market capitalization of $2.10 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05. Cimpress plc has a one year low of $58.05 and a one year high of $104.92. The company’s fifty day moving average price is $79.66 and its 200 day moving average price is $84.92.

Cimpress (NASDAQ:CMPR) 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). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The business had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Analysts anticipate that Cimpress plc will post 4.27 earnings per share for the current year.

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.