Nuveen Asset Management LLC Sells 202,052 Shares of Cimpress plc (NASDAQ:CMPR)

Nuveen Asset Management LLC lowered its stake in Cimpress plc (NASDAQ:CMPR – Get Rating) by 36.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 355,628 shares of the business services provider’s stock after selling 202,052 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.36% of Cimpress worth $8,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its position in shares of Cimpress by 39.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 604,604 shares of the business services provider’s stock valued at $14,801,000 after acquiring an additional 171,384 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in shares of Cimpress by 194.3% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 79,000 shares of the business services provider’s stock valued at $3,073,000 after acquiring an additional 52,156 shares during the last quarter. Bares Capital Management Inc. boosted its position in shares of Cimpress by 5.6% during the 2nd quarter. Bares Capital Management Inc. now owns 475,439 shares of the business services provider’s stock valued at $18,495,000 after acquiring an additional 25,333 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Cimpress during the 2nd quarter valued at about $325,000. Finally, M&T Bank Corp boosted its position in shares of Cimpress by 24.9% during the 2nd quarter. M&T Bank Corp now owns 14,544 shares of the business services provider’s stock valued at $565,000 after acquiring an additional 2,904 shares during the last quarter. Institutional investors own 79.14% of the company’s stock.

Cimpress Trading Down 3.8 %

Shares of NASDAQ CMPR opened at $33.91 on Friday. The stock has a market cap of $889.80 million, a price-to-earnings ratio of -3.31 and a beta of 1.63. Cimpress plc has a 1-year low of $18.00 and a 1-year high of $67.31. The stock’s 50-day moving average is $33.36 and its 200 day moving average is $29.48.

Insiders Place Their Bets

In other Cimpress news, CEO Robert S. Keane sold 17,732 shares of Cimpress stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $27.73, for a total value of $491,708.36. Following the transaction, the chief executive officer now directly owns 7,066 shares of the company’s stock, valued at approximately $195,940.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cimpress news, CEO Robert S. Keane bought 9,801 shares of Cimpress stock in a transaction dated Wednesday, February 8th. The shares were purchased at an average cost of $39.07 per share, with a total value of $382,925.07. Following the completion of the purchase, the chief executive officer now owns 138,669 shares of the company’s stock, valued at $5,417,797.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert S. Keane sold 17,732 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $27.73, for a total value of $491,708.36. Following the transaction, the chief executive officer now directly owns 7,066 shares in the company, valued at $195,940.18. The disclosure for this sale can be found here. Insiders have purchased 65,885 shares of company stock valued at $2,474,215 in the last ninety days. Company insiders own 18.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price target on Cimpress from $85.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, January 27th.

Cimpress Company Profile

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Cimpress Plc invests in and builds entrepreneurial and mass-customization businesses. The firm operates through the following segments: Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses. The Vistaprint segment refers to the operations of global vistaprint websites and webs-branded business, which is managed with the vistaprint-branded digital business.