Algert Global LLC Has $4.51 Million Holdings in Cimpress plc (NASDAQ:CMPR)

Algert Global LLC lowered its stake in shares of Cimpress plc (NASDAQ:CMPR) by 4.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 55,095 shares of the business services provider’s stock after selling 2,688 shares during the period. Algert Global LLC owned approximately 0.22% of Cimpress worth $4,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMPR. Vanguard Group Inc. boosted its position in shares of Cimpress by 5.3% during the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock valued at $160,384,000 after buying an additional 91,543 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Cimpress by 9,821.4% during the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after acquiring an additional 154,785 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Cimpress in the 3rd quarter worth $7,582,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after purchasing an additional 26,727 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Cimpress during the second quarter valued at about $2,208,000. 77.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cimpress Stock Performance

Shares of CMPR stock opened at $81.33 on Monday. Cimpress plc has a 52 week low of $58.05 and a 52 week high of $104.92. The firm’s 50-day simple moving average is $79.63 and its two-hundred day simple moving average is $84.94. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 0.71 and a beta of 2.05.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). The firm 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 in the previous year, the company posted $0.17 EPS. Analysts forecast that Cimpress plc will post 4.27 earnings per share for the current year.

Insider Activity at Cimpress

In related news, CFO Sean Edward Quinn sold 24,093 shares of Cimpress stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $98.48, for a total value of $2,372,678.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert S. Keane sold 396 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the sale, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,799 shares of company stock worth $6,901,076. Company insiders own 17.80% of the company’s stock.

Cimpress Company 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.