Blue Zone Wealth Advisors LLC Lowers Stake in Cimpress plc (NASDAQ:CMPR)

Blue Zone Wealth Advisors LLC reduced its position in shares of Cimpress plc (NASDAQ:CMPR) by 34.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,512 shares of the business services provider’s stock after selling 1,864 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Cimpress were worth $311,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Deutsche Bank AG lifted its stake in Cimpress by 13.3% in the 3rd quarter. Deutsche Bank AG now owns 9,472 shares of the business services provider’s stock valued at $663,000 after buying an additional 1,114 shares in the last quarter. Rhumbline Advisers lifted its stake in Cimpress by 5.5% in the 3rd quarter. Rhumbline Advisers now owns 26,488 shares of the business services provider’s stock valued at $1,854,000 after buying an additional 1,384 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Cimpress by 2,607.2% in the 3rd quarter. Lazard Asset Management LLC now owns 59,991 shares of the business services provider’s stock worth $4,199,000 after purchasing an additional 57,775 shares in the last quarter. Legacy Advisors LLC purchased a new position in Cimpress in the 3rd quarter worth approximately $833,000. Finally, GSA Capital Partners LLP purchased a new position in Cimpress in the 3rd quarter worth approximately $3,620,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cimpress

In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $89.97, for a total value of $511,299.51. Following the sale, the chief executive officer now owns 33,793 shares of the company’s stock, valued at $3,040,356.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 29,438 shares of company stock valued at $2,590,278 over the last quarter. 17.90% of the stock is owned by company insiders.

Cimpress Stock Performance

Shares of NASDAQ CMPR traded up $1.24 during midday trading on Friday, reaching $87.61. 322,104 shares of the stock were exchanged, compared to its average volume of 118,074. The company has a 50 day simple moving average of $85.23 and a 200 day simple moving average of $85.39. The stock has a market capitalization of $2.23 billion, a P/E ratio of 27.04, a PEG ratio of 1.11 and a beta of 1.97. Cimpress plc has a twelve month low of $55.37 and a twelve month high of $100.01.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). The firm had revenue of $780.59 million for the quarter, compared to analyst estimates of $782.65 million. Cimpress had a negative return on equity of 14.44% and a net margin of 2.69%. During the same quarter in the prior year, the business earned ($0.97) EPS. On average, research analysts expect that Cimpress plc will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMPR has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $113.00 target price on shares of Cimpress in a research note on Tuesday, May 28th. StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 6th.

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.