Cimpress plc (NASDAQ:CMPR) Shares Purchased by Mariner LLC

Mariner LLC raised its holdings in Cimpress plc (NASDAQ:CMPR) by 40.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,808 shares of the business services provider’s stock after buying an additional 1,375 shares during the quarter. Mariner LLC’s holdings in Cimpress were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CMPR. Diamond Hill Capital Management Inc. increased its position in Cimpress by 31.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock worth $42,472,000 after purchasing an additional 141,942 shares during the last quarter. Norges Bank acquired a new stake in shares of Cimpress during the 4th quarter worth $3,544,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Cimpress by 39.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider’s stock worth $9,806,000 after buying an additional 38,402 shares during the period. JPMorgan Chase & Co. boosted its holdings in Cimpress by 169.9% in the fourth quarter. JPMorgan Chase & Co. now owns 59,209 shares of the business services provider’s stock valued at $4,246,000 after acquiring an additional 37,272 shares during the last quarter. Finally, Barclays PLC grew its position in Cimpress by 70.3% during the third quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock valued at $5,229,000 after acquiring an additional 26,342 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Stock Performance

CMPR stock opened at $39.86 on Friday. The stock has a 50-day simple moving average of $43.57 and a 200-day simple moving average of $62.21. The firm has a market cap of $1.00 billion, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 0.50 and a beta of 1.94. Cimpress plc has a 1 year low of $35.21 and a 1 year high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. The firm had revenue of $789.47 million during the quarter, compared to analyst estimates of $798.02 million. On average, equities research analysts predict that Cimpress plc will post 3.69 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CMPR. Truist Financial reduced their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Barrington Research reissued an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn acquired 5,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the chief financial officer now directly owns 20,224 shares of the company’s stock, valued at $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.80% of the stock is currently owned by insiders.

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.