ArrowMark Colorado Holdings LLC Has $55.73 Million Position in Cimpress plc (NASDAQ:CMPR)

ArrowMark Colorado Holdings LLC cut its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 37.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 680,270 shares of the business services provider’s stock after selling 415,716 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Cimpress were worth $55,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Cimpress by 166.3% in the second quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after buying an additional 519 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the 3rd quarter valued at $130,000. Legacy Capital Group California Inc. bought a new stake in Cimpress in the second quarter worth about $202,000. Optimist Retirement Group LLC purchased a new position in Cimpress in the second quarter valued at approximately $204,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Cimpress during the 2nd quarter valued at approximately $250,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cimpress

In related news, CEO Robert S. Keane sold 396 shares of Cimpress stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the sale, the chief executive officer now owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Cimpress Stock Performance

Cimpress stock opened at $80.30 on Monday. Cimpress plc has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The stock’s 50 day simple moving average is $79.38 and its two-hundred day simple moving average is $84.77. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.70 and a beta of 2.05.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The business had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. During the same period last year, the business earned $0.17 earnings per share. On average, analysts predict that Cimpress plc will post 4.27 earnings per share for the current year.

About Cimpress

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.