Advantage Alpha Capital Partners LP Takes Position in Cimpress plc (NASDAQ:CMPR)

Advantage Alpha Capital Partners LP acquired a new position in Cimpress plc (NASDAQ:CMPR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,796 shares of the business services provider’s stock, valued at approximately $2,932,000. Advantage Alpha Capital Partners LP owned 0.14% of Cimpress as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Cimpress by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after buying an additional 91,543 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Cimpress by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock worth $44,909,000 after purchasing an additional 4,441 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in 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 worth $36,885,000 after purchasing an additional 26,727 shares during the period. Acadian Asset Management LLC boosted its stake in Cimpress by 11.0% during the 2nd quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider’s stock valued at $34,776,000 after purchasing an additional 39,438 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of Cimpress during the 2nd quarter valued at $12,696,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Up 2.7 %

Shares of Cimpress stock opened at $83.49 on Tuesday. Cimpress plc has a 12-month low of $58.05 and a 12-month high of $104.92. The firm has a market capitalization of $2.10 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05. The stock’s fifty day moving average is $79.66 and its 200-day moving average is $84.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The company had revenue of $804.97 million for the quarter, compared to analyst estimates of $800.51 million. During the same quarter in the previous year, the firm posted $0.17 EPS. Analysts expect that Cimpress plc will post 4.27 EPS for the current year.

Insider Activity at Cimpress

In other news, CFO Sean Edward Quinn sold 24,093 shares of the 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 is available through the SEC website. Also, CEO Robert S. Keane sold 45,310 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the transaction, the chief executive officer now directly owns 1,012,890 shares in the company, valued at $100,367,270.10. The trade was a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,799 shares of company stock worth $6,901,076. 17.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CMPR has been the subject of several research analyst reports. Truist Financial cut their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st. StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Barrington Research lifted their price objective on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th.

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.