Point72 Asset Management L.P. Takes Position in Cimpress plc (NASDAQ:CMPR)

Point72 Asset Management L.P. purchased a new stake in Cimpress plc (NASDAQ:CMPR) in the 3rd quarter, HoldingsChannel reports. The fund purchased 1,400 shares of the business services provider’s stock, valued at approximately $115,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMPR. Janus Henderson Group PLC raised its stake in Cimpress by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after purchasing an additional 140,899 shares during the period. Dimensional Fund Advisors LP raised its position in Cimpress by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock valued at $44,909,000 after buying an additional 4,441 shares during the period. Diamond Hill Capital Management Inc. boosted its position in 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 worth $36,885,000 after acquiring an additional 26,727 shares during the period. Acadian Asset Management LLC grew its stake in Cimpress by 11.0% during the 2nd quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider’s stock valued at $34,776,000 after acquiring an additional 39,438 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Cimpress by 0.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 145,703 shares of the business services provider’s stock valued at $11,936,000 after purchasing an additional 785 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Trading Down 4.0 %

Cimpress stock opened at $78.76 on Friday. The company has a market capitalization of $1.98 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.72 and a beta of 2.08. Cimpress plc has a 1-year low of $58.05 and a 1-year high of $104.92. The firm’s fifty day simple moving average is $79.22 and its 200-day simple moving average is $84.56.

Cimpress (NASDAQ:CMPR) last released its quarterly 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). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The company had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. During the same quarter last year, the company posted $0.17 EPS. On average, equities research analysts predict that Cimpress plc will post 4.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on CMPR shares. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Truist Financial lowered their price target on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Barrington Research lifted their price objective on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th.

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.