Islay Capital Management LLC Makes New Investment in Cimpress plc (NASDAQ:CMPR)

Islay Capital Management LLC purchased a new stake in Cimpress plc (NASDAQ:CMPR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,865 shares of the business services provider’s stock, valued at approximately $564,000.

Several other institutional investors have also made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Cimpress during the 3rd quarter valued at $29,000. Quarry LP bought a new stake in Cimpress during the third quarter worth about $111,000. Point72 Asset Management L.P. acquired a new stake in Cimpress during the third quarter worth about $115,000. Vestcor Inc bought a new position in Cimpress in the 4th quarter valued at about $144,000. Finally, Optimist Retirement Group LLC raised its position in shares of Cimpress by 15.1% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider’s stock valued at $220,000 after buying an additional 352 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $43.42 on Friday. Cimpress plc has a one year low of $41.01 and a one year high of $104.92. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 0.50 and a beta of 2.22. The firm has a 50 day simple moving average of $50.63 and a 200 day simple moving average of $68.30.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, analysts expect that Cimpress plc will post 3.69 EPS for the current year.

Insider Activity

In other Cimpress news, CFO Sean Edward Quinn acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the chief financial officer now directly owns 20,224 shares in the company, valued at $839,296. This represents a 32.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 17.80% of the company’s stock.

Analyst Ratings Changes

CMPR has been the topic of a number of recent analyst reports. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Truist Financial decreased their price target on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th.

Cimpress 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.