Great Lakes Advisors LLC Trims Holdings in Cimpress plc (NASDAQ:CMPR)

Great Lakes Advisors LLC cut its stake in Cimpress plc (NASDAQ:CMPR) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,010 shares of the business services provider’s stock after selling 1,645 shares during the quarter. Great Lakes Advisors LLC owned about 0.23% of Cimpress worth $4,232,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Cimpress during the third quarter worth about $29,000. Quarry LP purchased a new position in Cimpress during the third quarter worth about $111,000. Point72 Asset Management L.P. purchased a new position in Cimpress during the third quarter worth about $115,000. Meeder Asset Management Inc. purchased a new position in Cimpress during the third quarter worth about $130,000. Finally, Optimist Retirement Group LLC grew its position in Cimpress by 15.1% during the third quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider’s stock worth $220,000 after buying an additional 352 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Trading Down 0.2 %

CMPR opened at $41.88 on Friday. The stock has a 50-day moving average price of $58.85 and a 200-day moving average price of $73.16. Cimpress plc has a 12-month low of $41.24 and a 12-month high of $104.92. The stock has a market capitalization of $1.05 billion, a P/E ratio of 6.93, a PEG ratio of 0.50 and a beta of 2.23.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. On average, equities research analysts predict that Cimpress plc will post 3.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CMPR shares. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Truist Financial reduced their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Barrington Research reiterated an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a report 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.