Ingalls & Snyder LLC Sells 1,014 Shares of Cimpress plc (NASDAQ:CMPR)

Ingalls & Snyder LLC reduced its position in shares of Cimpress plc (NASDAQ:CMPRGet Rating) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,793 shares of the business services provider’s stock after selling 1,014 shares during the quarter. Ingalls & Snyder LLC owned 0.35% of Cimpress worth $6,573,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC purchased a new position in Cimpress in the 3rd quarter worth approximately $34,000. PNC Financial Services Group Inc. raised its holdings in shares of Cimpress by 36.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 492 shares of the business services provider’s stock worth $42,000 after acquiring an additional 132 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Cimpress during the 4th quarter worth approximately $72,000. Point72 Hong Kong Ltd raised its holdings in shares of Cimpress by 144.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,259 shares of the business services provider’s stock worth $109,000 after acquiring an additional 745 shares in the last quarter. Finally, Gladius Capital Management LP purchased a new stake in shares of Cimpress during the 4th quarter worth approximately $134,000. Institutional investors and hedge funds own 78.18% of the company’s stock.

CMPR stock traded up $1.62 during trading on Tuesday, reaching $45.56. 70,552 shares of the company traded hands, compared to its average volume of 79,467. Cimpress plc has a 12 month low of $41.39 and a 12 month high of $122.30. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -15.65 and a beta of 1.53. The business has a 50 day simple moving average of $58.83 and a 200 day simple moving average of $68.07.

Cimpress (NASDAQ:CMPRGet Rating) last posted its earnings results on Wednesday, April 27th. The business services provider reported ($2.75) EPS for the quarter, missing the consensus estimate of ($0.83) by ($1.92). Cimpress had a negative return on equity of 1.47% and a negative net margin of 2.67%. The company had revenue of $657.41 million for the quarter, compared to analyst estimates of $632.70 million. Equities research analysts expect that Cimpress plc will post -1.69 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. TheStreet cut Cimpress from a “c-” rating to a “d” rating in a report on Thursday, April 28th. Zacks Investment Research upgraded Cimpress from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a report on Tuesday, April 5th. StockNews.com assumed coverage on Cimpress in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Truist Financial cut their price objective on Cimpress from $138.00 to $130.00 in a research report on Friday, January 28th.

About Cimpress (Get Rating)

Cimpress plc provides various mass customization services in North America, Europe, and internationally. The company operates through five segments: Vistaprint, 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; web-to print products, including multi-page brochures, folders, flyers, business cards, signs, leaflets, booklets, posters, letterheads, and banners, as well as customized beverage cans; and printed materials, such as signage, print, advertising materials, corporate-wear, and promotional gifts.

Further Reading

Institutional Ownership by Quarter for Cimpress (NASDAQ:CMPR)

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