Posted by admin on Aug 19th, 2022
Russell Investments Group Ltd. lowered its holdings in Cimpress plc (NASDAQ:CMPR – Get Rating) by 16.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,022 shares of the business services provider’s stock after selling 3,249 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Cimpress worth $1,088,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Gladius Capital Management LP purchased a new stake in shares of Cimpress in the fourth quarter valued at $134,000. Envestnet Asset Management Inc. raised its holdings in shares of Cimpress by 10.1% during the first quarter. Envestnet Asset Management Inc. now owns 3,168 shares of the business services provider’s stock worth $201,000 after acquiring an additional 290 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Cimpress by 16.3% during the fourth quarter. Teacher Retirement System of Texas now owns 3,167 shares of the business services provider’s stock worth $227,000 after acquiring an additional 443 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Cimpress by 40.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,303 shares of the business services provider’s stock worth $237,000 after acquiring an additional 959 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Cimpress during the fourth quarter worth $239,000. Hedge funds and other institutional investors own 78.18% of the company’s stock.
Cimpress stock opened at $46.69 on Friday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -26.68 and a beta of 1.47. Cimpress plc has a one year low of $25.01 and a one year high of $97.91. The company’s fifty day moving average price is $37.59 and its two-hundred day moving average price is $50.58.
Several analysts recently issued reports on CMPR shares. TheStreet lowered Cimpress from a “c-” rating to a “d” rating in a report on Thursday, April 28th. Barrington Research cut their price objective on Cimpress from $87.00 to $76.00 and set an “outperform” rating for the company in a report on Tuesday, August 2nd.
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.
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