Castleark Management LLC Boosts Stock Position in Cimpress plc (NASDAQ:CMPR)

Castleark Management LLC raised its stake in Cimpress plc (NASDAQ:CMPR) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,760 shares of the business services provider’s stock after purchasing an additional 610 shares during the quarter. Castleark Management LLC’s holdings in Cimpress were worth $5,469,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CMPR. CWM LLC lifted its position 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 purchasing an additional 519 shares during the period. Quarry LP purchased a new position in Cimpress in the third quarter worth $111,000. Point72 Asset Management L.P. acquired a new stake in shares of Cimpress in the third quarter valued at about $115,000. Meeder Asset Management Inc. acquired a new stake in shares of Cimpress during the 3rd quarter valued at approximately $130,000. Finally, Legacy Capital Group California Inc. purchased a new stake in Cimpress during the second quarter worth $202,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research lifted their price objective on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Finally, Truist Financial lowered their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Cimpress Trading Up 1.1 %

NASDAQ:CMPR opened at $80.01 on Friday. Cimpress plc has a 12-month low of $58.05 and a 12-month high of $104.92. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.70 and a beta of 2.08. The company’s 50-day moving average is $79.06 and its two-hundred day moving average is $84.59.

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

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.