Cimpress plc (NASDAQ:CMPR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Cimpress plc (NASDAQ:CMPR) by 13,468.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,790 shares of the business services provider’s stock after acquiring an additional 14,681 shares during the quarter. GAMMA Investing LLC owned 0.06% of Cimpress worth $669,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC increased its stake in Cimpress by 30.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider’s stock valued at $63,406,000 after purchasing an additional 203,806 shares during the last quarter. Janus Henderson Group PLC increased its stake in Cimpress by 6.8% in the fourth quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider’s stock valued at $218,126,000 after purchasing an additional 194,034 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Cimpress by 31.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock valued at $42,472,000 after purchasing an additional 141,942 shares during the last quarter. Millennium Management LLC increased its stake in Cimpress by 331.9% in the fourth quarter. Millennium Management LLC now owns 110,872 shares of the business services provider’s stock valued at $7,952,000 after purchasing an additional 85,201 shares during the last quarter. Finally, Norges Bank purchased a new position in Cimpress in the fourth quarter valued at approximately $3,544,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMPR. Truist Financial lowered their target price on shares of Cimpress from $87.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Barrington Research lowered their target price on shares of Cimpress from $95.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

Cimpress Trading Down 3.1%

Cimpress stock opened at $42.62 on Thursday. The stock has a market cap of $1.06 billion, a PE ratio of 7.27 and a beta of 1.76. The stock has a 50-day moving average price of $43.32 and a 200 day moving average price of $54.52. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a net margin of 4.61% and a negative return on equity of 27.85%. The business had revenue of $789.47 million during the quarter, compared to analysts’ expectations of $798.02 million. On average, equities analysts predict that Cimpress plc will post 3.69 EPS for the current year.

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.