UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 9,324 Shares of Cimpress plc (NASDAQ:CMPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Cimpress plc (NASDAQ:CMPR) by 54.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,420 shares of the business services provider’s stock after purchasing an additional 9,324 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.11% of Cimpress worth $2,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in shares of Cimpress in the second quarter valued at approximately $12,696,000. Marshall Wace LLP grew its stake in Cimpress by 649.8% in the 2nd quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after purchasing an additional 93,033 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Cimpress during the 3rd quarter valued at $7,582,000. Hennessy Advisors Inc. purchased a new stake in shares of Cimpress during the 2nd quarter valued at $8,034,000. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Cimpress by 15.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock worth $37,105,000 after purchasing an additional 57,427 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Trading Down 4.0 %

CMPR opened at $78.76 on Monday. The company has a 50 day moving average of $79.22 and a 200 day moving average of $84.61. Cimpress plc has a 12 month low of $58.05 and a 12 month high of $104.92. The company has a market cap of $1.98 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08.

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

Analyst Upgrades and Downgrades

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

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.